SPY is trading 1% higher today as large-cap technology and AI-related names rebound from last week’s valuation-driven selloff.
- Easing concerns regarding U.S.-Iran tensions have shifted investor focus back toward upcoming economic data rather than immediate macro shocks.
- Nasdaq futures are outperforming the broader market in pre-market trading, signaling a strong return to growth and technology stocks.
- The move marks a recovery for major indices following a period of significant valuation-driven pressure.