SPY is trading at $769.05, down 0.07%, as September CPI exceeded forecasts and renewed fears of further Fed rate hikes; the move is not 3%.

  • Higher yields weighed particularly on technology and other rate-sensitive stocks.
  • Stronger-than-expected retail sales added to persistent-inflation concerns, while chip and AI-related weakness pressured growth shares.
  • SPY closed October 14 at $769.60, down 1.08%.