How SPY Behaved
SPY opened at 774.87 and finished 0.39% higher, closing at 777.88 after trading between 774.12 and 779.37.
The session low was recorded first, around 09:30 ET, before price later recovered to the session high around 10:32 ET. SPY finished near the middle portion of its intraday range.
What Drove the Market
U.S. equities advanced as softer wholesale-inflation data reduced near-term concern about additional Federal Reserve tightening. Treasury yields eased, while strength in large-cap technology and semiconductor shares helped support the S&P 500. Lower oil prices also reduced some inflation pressure during the session.
Softer producer-price data reduced near-term rate-hike concerns.
Large-cap technology and semiconductor strength helped lead the advance.
Easing Treasury yields and lower oil prices improved the broader risk backdrop.
Published Read vs. Actual SPY Result
The published directional read is compared with the completed session outcome.
Price Areas That Actually Mattered
SPY first traded through this upside observation level at 10:00:00 ET.
What the Next Session Is Set Up to Test
LONG outlook • confirmation 778.54 • invalidation 774.34 • target 780.63 • extension 782.73.