SPY is trading 0.8% up today as optimism from the Trump-Xi summit in Beijing and a massive AI-fueled rally in Cisco lift broader market sentiment.
- The S&P 500 (+0.84%), Nasdaq (+1.05%), and Dow (+0.83%) are all tracking higher as investors hope for eased semiconductor restrictions following high-stakes diplomatic talks.
- Cisco shares surged 14.6% after reporting strong AI-driven earnings, providing a significant boost to the tech-heavy index.
- This rally follows a recovery from yesterday's hot inflation data, with markets pivoting toward geopolitical developments and corporate strength.