Yahoo finance spy traders watching Yahoo Finance SPY note

Traders watching Yahoo Finance SPY note the ETF closed above its 20-day moving average of $501.80, signaling ongoing bullish sentiment. Volume spikes during morning sessions indicate active participation from retail and institutional investors. The adoption of AI has propelled big tech stocks to new highs. The so-called "Magnificent Seven" stocks have been on a spectacular ride this year and are one of the big forces driving the broad market rally. The Magnificent Seven market-cap valuation surpassed $18 trillion for the first time ever, according to Dow Jones Market Data. With a combined weightage of 31% in the S&P 500, these stocks are poised to see more gains in 2025. You see, it’s government debt itself that keeps hitting one record high after another. So, sure, both politicians and investors are cheering the recent interest rate cut by the Federal Reserve. It helps paper over our fiscal problems, and it keeps markets high. However, it’s only a temporary panacea. Daily traded volume on Yahoo Finance SPY hit 78M shares yesterday, surpassing weekly averages, indicating heightened bullish engagement ahead of economic data releases.