SPY is trading at $772.55 (+1.6%) as Middle East tensions ease and strong technology earnings fuel a broad risk-on rally.
- Easing geopolitical risks have pushed oil prices lower, helping to alleviate global inflation concerns.
- Strong earnings results from major technology and AI-related holdings are contributing significantly to the index's advance.
- The move aligns with a broader market uptrend, with futures and major U.S. indices trending higher in pre-market trading.