🔴 S&P 500 ETF (SPY) is trading 0.4% down as yields and oil revive inflation concerns

SPY is trading at $776.17 (-0.4%) as Treasury yields and oil rebounded, reviving inflation concerns ahead of the 2:00 p.m. FOMC minutes.

• Price is about 0.4% below the October 6 close of $779.09.
• Weaker chip shares pressured technology stocks as investors awaited clues on the Fed’s policy path. The move indicates a modest premarket decline, not a move of 3% or more.