S&P 500 ETF Trades Bullish as Futures Gain 0.15% Before Fed Decision
SPY•U.S. stock futures rose, with S&P 500 futures up 0.15% as investors awaited the Fed’s rate decision. SPDR S&P 500 ETF traded in bullish territory following a mixed session where tech shares declined and Dow futures climbed 0.12%.
1. Futures Rally Ahead of Fed Decision
Overnight trading saw Dow futures rise 0.12%, S&P 500 futures gain 0.15% and Nasdaq 100 futures climb 0.21% as easing oil prices and optimism over a potential peace deal supported sentiment ahead of the Fed’s policy meeting under Chair Kevin Warsh.
2. SPY Sentiment Turns Bullish
Among major ETFs, SPDR S&P 500 ETF shifted into bullish territory, while the Invesco QQQ Trust remained neutral and the SPDR Dow Jones Industrial Average ETF also trended bullish, reflecting broad market optimism despite mixed session results.
3. Technology Sector Pullback
Technology stocks led losses in the prior session, with chip names such as Nvidia, Micron, AMD and Broadcom all falling more than 2% after a three-day rally, prompting investors to rotate into financial and other defensive sectors.
