SPY ETF Rises Amid Oil Surge and Tech Gains, Crypto Markets Watch Closely
The SPDR S&P 500 ETF Trust (SPY) climbed 0.59% on Thursday, buoyed by rising oil prices and robust earnings from Las Vegas Sands. Energy, Technology, and Industrial sectors led the charge, while Consumer Staples and Real Estate lagged. The S&P 500 Index mirrored the gain, rising 0.6%, and the Nasdaq 100 outpaced both with a 0.88% advance.
Geopolitical tensions and easing trade worries shaped the day. New U.S. sanctions on Russian crude sent oil prices soaring, lifting energy stocks. Meanwhile, President Trump's confirmation of a meeting with China's Xi Jinping softened trade anxieties, adding momentum to equities. Investors now brace for volatility ahead of Friday’s CPI report and ongoing U.S. government shutdown risks.
Fund flows tell a cautious tale: SPY saw $699 million in net outflows over five days, though trading volume held steady at a 73.68 million-share average. Hedge fund sentiment remains guarded, while retail investors stay neutral—a dynamic crypto traders may interpret as a signal for alternative asset rotations.