SPY is trading at $754.94 (+1.06%) on easing Middle East tensions and falling oil prices that have lifted broad market sentiment.
- Renewed U.S.–Iran negotiations have reduced geopolitical risk, causing crude oil to drop sharply and easing inflation worries.
- The move is part of an index-wide rebound rather than a single-stock catalyst, with the S&P 500, Nasdaq, and Dow all trending higher as investors favor cyclical and growth stocks.