The SPDR S&P 500 ETF Trust (SPY) is showing a bullish sentiment with a stated price target of $1000 following a lower-than-expected June CPI inflation report of 3.5%. Visual data shows SPY trading at $752.13 in the pre-market, up 0.40% amid a sharp upward price spike. The rally is driven by cooling inflation data, including a -0.4% month-over-month drop in CPI and a Core CPI of 2.6%.