SPY ETF Gains Amid Rate-Cut Expectations and Retail Earnings Strength
The SPDR S&P 500 ETF Trust (SPY) climbed 0.94% on Tuesday, buoyed by growing Federal Reserve rate-cut speculation and robust earnings from retailers like Kohl’s and Best Buy. Healthcare, Consumer Discretionary, and Communication Services sectors led gains, while Energy and Utilities lagged.
Market attention now shifts to key economic data, including September Durable Goods Orders and jobless claims, alongside Fed commentary. Thanksgiving-thinned trading volumes may amplify volatility.