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SPY ETF Rises on Tech Earnings Amid Mixed Sector Performance

SPY ETF Rises on Tech Earnings Amid Mixed Sector Performance

Author:

Global Cryptocurrency

Published:

2025-10-31 21:56:02

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BTCCSquare news:

The SPDR S&P 500 ETF (SPY) climbed 0.32% as Amazon's 10% post-earnings surge and Optimism around U.S.-China trade talks offset declines in defensive sectors. Consumer discretionary stocks led gains while utilities lagged, mirroring the S&P 500's 0.26% advance and Nasdaq 100's 0.48% rise.

Big Tech carried the market as Amazon Web Services growth and Apple's services revenue overshadowed Meta and Microsoft's AI spending concerns. Investors injected $3 billion into SPY over five days despite looming catalysts - the October jobs report and ongoing government shutdown threaten to disrupt the calm.

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