SPDR S&P 500 ETF (SPY) Market Update: June 24, 2025 – Key Trends & Analysis

Digital Bookish
Jun 30
2 min read

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SPY at a Glance (June 24, 2025)

Current Price: $605.46 (+0.89% | +$5.31 from previous close)
Day’s Range: $603.45 - $605.47
52-Week Range: $481.80 - $613.23
YTD Performance: +2.63% 29
Key Stats:
- Expense Ratio: 0.0945% (low-cost ETF)
- Dividend Yield: 1.21% (quarterly payouts)
- Top Holdings: Microsoft (6.81%), NVIDIA (6.59%), Apple (6.01%) 13

Why Did SPY Rise Today?

1. Middle East Ceasefire Boosts Market Sentiment

U.S. President Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions.
Oil prices plunged ~7% (Brent crude at $67.66, WTI at $64.76), reducing inflation fears 1012.
Energy stocks (OXY, CVX, XOM) fell 1-2%, while tech-heavy SPY gained due to lower energy costs 512.

2. Fed Chair Powell’s Testimony in Focus

Powell testified before Congress, facing pressure to cut rates from current 4.25%-4.5% 10.
Market expects rate cuts in late 2025, supporting equity valuations.

3. Strong Tech Performance

Top SPY holdings (NVDA, AAPL, MSFT) rallied, driving the ETF higher.
Nasdaq futures rose ~1%, outpacing S&P 500 and Dow 10.

SPY Technical & Fundamental Analysis

Technical Outlook

Resistance: $613.23 (52-week high)
Support: $600 (psychological level)
RSI (14-day): 58 (neutral, slight bullish momentum) 9

Fundamental Health

P/E Ratio: 23.10 (slightly above historical avg.)
3-5 Yr EPS Growth Estimate: 11.79% 1
Liquidity: Avg. daily volume 81M shares 2

What’s Next for SPY?

Bullish Factors

✔ Rate Cut Expectations (Fed easing in 2025)✔ Tech & AI Growth (NVDA, MSFT earnings strength)✔ Geopolitical Calm (if ceasefire holds)

Bearish Risks

✖ Oil Volatility (if Middle East tensions resurface)✖ Overvaluation Concerns (P/E at 23x)✖ Economic Slowdown Signs (if inflation rebounds)