SPLG

Cooling producer inflation reinforced expectations that price pressures may be easing, supporting broader optimism and lifting major indices. Investors rotated back into large-cap technology companies, which are viewed as beneficiaries of a lower-rate environment. May want to watch for magnificent 7 stocks. However, semiconductor stocks underperformed as traders locked in gains after a strong run, highlighting selective positioning rather than a broad retreat from technology. The mixed performance suggests investors remain constructive but are becoming more discerning across sectors.