🟢 S&P 500 ETF (SPY) is trading 1% up in pre-market as Fed’s anticipated hike removes uncertainty

SPY is trading at $762.20, up 1.08% versus the September 16 close, as investors viewed the Federal Reserve’s anticipated 25-basis-point hike as removing a major uncertainty and reinforcing its inflation-fighting stance.

• S&P 500 futures gained approximately 0.7% overnight, while oil prices edged lower, supporting risk sentiment.
• The broader risk-on move is visible across futures, with Nasdaq futures outperforming the S&P 500.
• Investors are watching September 17 housing-starts and building-permits data for confirmation of economic resilience.