S&P 500 ETF (SPY) is trading 0.8% higher as mega-cap technology stocks, led by NVIDIA, drive the broader index up following a strong earnings beat and a significant buyback announcement.
- Easing Treasury yields and softer oil prices are providing additional support to growth-oriented sectors like information technology and communication services.
- Equity markets are reacting to improved geopolitical sentiment and continued optimism regarding AI-driven earnings growth in the absence of major economic data.