🟢 S&P 500 ETF (SPY) is trading 1% up as oil falls, easing inflation concerns

SPY is trading at $763.74, up +1.06%, in a broad-market rebound after Friday’s technology-led selloff.

• Crude oil fell more than 4% amid hopes for U.S.–Iran diplomatic progress, easing supply and inflation concerns and supporting risk appetite.
• Investors are reassessing AI spending while awaiting Apple’s after-close earnings.
• Technology and AI-related shares steadied, supporting the tech-heavy S&P 500; Apple earnings and the November 3 midterm elections remain in focus.