Spy stock price "SPY stock price" holds steady at

"SPY stock price" holds steady at $507, with algos picking up increased block trades. Chartists expect a retest of $512 if economic data continues to show disinflation patterns. When including Broadcom with the Mag 7, the eight stocks make up around 38% of the S&P 500, which is a historical high. Despite historically elevated rates, U.S. consumers continue to spend. August’s retail sales grew by 0.6% month-over-month, shattering the estimate of 0.2%. Excluding volatile items like autos and gas, retail sales increased by 0.7%, also above the estimate of 0.5%. However, these sales could come under pressure from cracks in the labor market and the risk of inflation. The "SPY stock price" has climbed over 7% year-to-date, riding on tech sector strength. Weekly MACD patterns point toward sustained bullish divergence into February.