SPY is trading 0.4% up today as cooling March JOLTS data signaled a softening labor market, bolstering expectations for Federal Reserve rate cuts.
- March job openings fell to 6.9 million, a key indicator of easing labor demand that helped push major indices to record highs in the previous session.
- Tech shares are leading the advance amid lower oil prices and easing geopolitical tensions, with broader market futures pointing to a positive open.