🟢 SPY is trading 1.39% up today as cooling JOLTS data and Middle East de-escalation fuel rate cut hopes

SPY is trading 1.39% higher at $733.83 as cooling labor market signals and geopolitical relief drive broader market gains.

• The JOLTS report showed job openings fell to 6.9 million, reinforcing investor expectations for a Federal Reserve rate cut.
• De-escalation between the U.S. and Iran eased Middle East tensions, leading to a drop in oil prices and providing support for equities.
• The technology sector led the rally, highlighted by AMD surging 18% on the back of strong AI chip earnings and sector-wide momentum.