SPDR S&P 500 ETF Rises on AMD’s 7% Surge and Energy Sector Shake-Up
SPDR S&P 500 ETF gained as the S&P 500 climbed after recent declines, led by AMD surging over 7% on a new Meta deal. Broad market support offset headwinds after Constellation Energy posted Q4 adjusted EPS of $2.30 versus $2.31 forecasts and $6.07 billion revenue, following its Calpine acquisition.
1. Market Rebound Drives SPY Gains
SPDR S&P 500 ETF rebounded after two days of declines, with broad-based buying across large-cap sectors reversing recent losses and lifting overall market sentiment.
2. AMD Surges on Meta Deal
AMD shares jumped over 7% after securing a new partnership with Meta that strengthens its data center business and contributed significantly to SPY’s upside today.
3. Constellation Energy’s Q4 Results and Calpine Acquisition
Constellation Energy reported Q4 adjusted EPS of $2.30 versus $2.31 estimates and $6.07 billion in revenue, driven by portfolio optimization, and completed its Calpine acquisition on January 7, impacting the energy sector weight in SPY.