S&P 500 ETF (SPY) is trading 0.7% up today as investors cautiously rotate back into large-cap growth and tech following Tuesday’s rate-driven selloff.
- Easing bond-yield pressures and a rebound in AI-related sentiment are helping the S&P 500 recover from recent losses.
- Markets are focused on Nvidia’s earnings report later today, which is viewed as a critical gauge for the broader technology and AI trade that dominates the index’s performance.