SPY is trading at $767.05 (+0.7%) as declining oil prices ease inflation and energy-cost concerns, supporting broad equities.
- Optimism around upcoming Washington-Beijing discussions is improving global risk appetite.
- Semiconductor and AI-linked stocks are leading premarket gains, lifting the S&P 500’s technology-heavy composition.
- Saudi supply disruptions remain a risk, but rerouting and softer crude prices have reduced immediate pressure.