🟢 S&P 500 ETF (SPY) is trading 0.45% up today after the Fed’s rate hike

SPY is trading at $757.47 (+0.45%), recovering modestly in premarket trading as investors viewed the Fed’s 25-basis-point hike as largely anticipated.

• The S&P 500 declined on September 16 after the Fed raised rates to 3.75%-4.00%.
• Guidance for another December increase, Treasury yields near 5%, and persistent inflation continue limiting upside.
• Reuters reported S&P 500 futures gained about 0.5% overnight.