SPY is trading at $739.02 (+1.0%) as a pause in U.S.-Iran hostilities reduces immediate geopolitical risk and eases fears of a global oil shock.
- Lower crude prices are improving inflation expectations and boosting risk appetite across broad equities, leading to a broad-based recovery.
- The index is benefiting from a stronger pre-market tone following a weak tech-led overnight session, with investor focus now shifting to this week's Fed decision and major tech earnings.