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SPY ETF Hits Record High Amid Cooling Inflation and Strong Earnings

SPY ETF Hits Record High Amid Cooling Inflation and Strong Earnings

Author:

Global Cryptocurrency

Published:

2025-10-24 21:21:02

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BTCCSquare news:

The SPDR S&P 500 ETF Trust (SPY) surged 0.82% to close at a historic peak of $678.46, fueled by softer-than-expected CPI data and robust earnings from Intel, Ford, and General Dynamics. Technology and Communication Services sectors led gains, while Energy lagged.

Market sentiment brightened as the Nasdaq 100 outperformed with a 1.04% climb. The inflation report has intensified speculation about imminent Fed rate cuts, though upcoming policy meetings and government shutdown risks loom as potential volatility triggers.

Seasonal tailwinds may amplify the rally—institutional investors typically deploy excess liquidity in late October during fiscal year-end rebalancing.

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