S&P 500 (SPY) Gains 1.8% Amid Fed Minutes Focus

S&P 500 futures gained 0.4% and Nasdaq-100 futures advanced 1.3% following a strong week where the Dow Jones Industrial Average rose nearly 2% and is approaching 53,000. Last week, the S&P 500 and Nasdaq posted increases of 1.8% and 2.1%, respectively. Despite a 3.2% decline in the VanEck Semiconductor ETF (SMH), sectors like Financials, Healthcare, and Industrials reached new all-time highs. As traders await the Federal Reserve's June meeting minutes, the S&P 500 closed last week at 7,483.24, approximately 7% below the projected 8,000 mark by mid-August.