What moved the S&P 500 today?

Leadership from mega-cap tech stocks helped set a positive tone. SPY ETF gains of 1.2% on March 23, aided by PLTR and other AI-linked names, boosted sentiment into March 24. Follow-through depends on breadth beyond tech, intraday liquidity, and whether buyers defend early pullbacks and VWAP. Watch semis and cloud for confirmation.

How can Canadians get exposure to the S&P 500 today?

Canadians can buy SPY in USD, or use TSX-listed S&P 500 ETFs like ZSP, XSP, or VFV. Hedged units seek to reduce CAD-USD currency swings, while unhedged units keep USD exposure. Choose based on your currency view, account type, and fees, then rebalance periodically to manage concentration risk.

Are mega-cap tech stocks still attractive for new money?

They remain central to index returns, but entry timing matters. Valuations vary widely across Apple, Tesla, and Microsoft. Consider dollar-cost averaging, define risk with stops, and wait for improving momentum signals. Watch upcoming earnings for guidance on AI monetization, cloud margins, device demand, and capital returns to validate positions.

Is SPY better than TSX-listed S&P 500 ETFs for Canadians?

SPY offers deep liquidity and tight spreads in USD. TSX-listed ETFs offer CAD trading and optional currency hedging. All track the same index with small fee and tracking differences. Choose the product that matches your account currency, tax considerations, and hedging preference, then focus on disciplined sizing and rebalancing.

Global Market Insights

^GSPC Today, March 24: Mega-Cap Tech Rally Lifts S&P 500 as SPY Gains 1.2%

ByHuzaifa Zahoor March 24, 2026March 24, 2026

S&P 500 today is in focus for Canadian investors after a strong mega-cap tech rally lifted sentiment. SPY ETF gains of 1.2% on March 23, aided by PLTR and other leaders, set the tone heading into March 24. We explain what could drive follow-through, how Apple, Tesla, and Microsoft influence direction, and what this means in CAD terms. We also map key technical signals, levels to watch, and ETF choices for Canadians seeking efficient S&P 500 exposure.