SPY is trading at $778.15 (+0.55%) as reports that OpenAI expects annualized revenue to reach or exceed $70 billion eased AI-demand concerns and supported technology shares.
- Oil-price stabilization and retreating Treasury yields aided risk sentiment after recent pressure on equities.
- The University of Michigan’s preliminary sentiment index fell to 46.3, while one-year inflation expectations rose to 4.7%—a potential headwind, not the main support for the advance.
- The broader market also traded higher; current volume figures were not provided.