SPY is trading at $738.33 (+1.28%) as U.S. equities advance on improved geopolitical sentiment and a broad rebound in technology and AI-linked stocks.
- Reports of a potential U.S.-Iran ceasefire and renewed talks have reduced the recent risk premium, boosting market sentiment.
- Strength in the Nasdaq is leading the market higher as investors rotate back into large-cap growth and AI-related sectors.
- With no major U.S. macro releases scheduled for today, price action is primarily driven by risk-on positioning and sector rotation.