S&P 500 ETF (SPY) is trading 1.2% up today as growth-heavy sectors rally on easing Treasury yields and continued enthusiasm around artificial intelligence.
- Technology outperformed after strong Nvidia earnings and a large buyback reinforced confidence in AI-related spending.
- Easing geopolitical tensions in the Middle East reduced the risk premium in energy markets, supporting broader risk appetite.
- Lower oil prices helped ease inflation concerns and underpin equity gains across the broader market.