SPY stock price today stands at $526.20, edging higher as the broader market digests mixed economic news. Traders note relative strength vs. the NASDAQ, as defensive sectors also contribute to gains. Short-term momentum favors buyers. The Head of Global Fixed Income Strategy at Wells Fargo, Brian Rehling , advises investors to look past the current political impasse in Washington, suggesting a potential government shutdown will likely have a negligible long-term impact on the economy and markets. While a shutdown could cause modest, short-term pressure and volatility, historical precedent shows such events do not typically cause systemic disruptions. Despite historically elevated rates, U.S. consumers continue to spend. Augustâs 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 today rose to $526.55 in the first hours of trading, backed by a rally in financial and energy sectors. Support around $524 remains firm, indicating controlled downside risk for now.
