SPY is trading 0.4% up today on cooling March JOLTS data showing 6.9 million job openings, signaling a softening labor market and boosting Federal Reserve rate cut expectations.
- Tech shares are leading gains as geopolitical tensions ease following the U.S. denial of reports regarding a strike on Iran.
- Broader market sentiment remains positive with S&P 500 futures up 1.18% and Nasdaq futures gaining 2.13%, supported by strong new home sales and falling oil prices.