VOO is trading 1.1% higher today as cooling JOLTS labor market data fuels expectations for Federal Reserve rate cuts.
- Tech sector leadership is providing a significant tailwind, with AI chip stocks like AMD and SMCI surging on the back of strong earnings.
- Geopolitical de-escalation in US-Iran talks has eased oil prices and inflation concerns, further supporting the rally in risk assets.
- Major indices and S&P 500 futures are hitting record highs as Treasury yields continue to retreat.