🟢 State Street SPDR S&P 500 ETF Trust is trading 0.9% up today in a relief bounce following a hawkish Fed-driven selloff

State Street SPDR S&P 500 ETF Trust is trading 0.9% higher today as markets stage a modest recovery following a sharp decline triggered by the Federal Reserve's hawkish policy shift.

• The Federal Reserve maintained interest rates at 3.50%-3.75% on June 17 but pressured risk assets by removing forward guidance and signaling a more aggressive outlook.
• Today's rebound is led by large-cap technology stocks and a broader return to risk-on sentiment across the S&P 500, Nasdaq, and Dow Jones Industrial Average.
• Investors are currently digesting the implications of the new policy stance after the previous session saw broad-based selling across the board.