IVV is trading at $763.60 (+1.06%) as investors absorb the Federal Reserve’s anticipated 25-basis-point rate hike to 3.75%–4.00%.
- The unanimous decision reduced immediate policy uncertainty, despite signaling another possible increase later this year.
- Falling 10-year Treasury yields below 5% and retreating oil prices are easing inflation and valuation concerns, particularly for technology stocks.
- Stronger risk appetite is supporting a broad rally, with Nasdaq gains leading the S&P 500.