SPY is trading 1.01% up today as strong technology and semiconductor earnings fueled record intraday highs before geopolitical tensions tempered late-session gains.
- Robust quarterly results from Texas Instruments, Lam Research, Tesla, GE Vernova, and Boeing served as the primary catalysts for the rally.
- Early market optimism surrounding a U.S.-Iran ceasefire extension was offset by news of Iranian ship seizures in the Strait of Hormuz.
- Geopolitical friction caused oil prices to spike above $102/barrel, leading to a moderate pullback from the day's peak levels.