SPY is trading at $757.62, down -0.63%, after August PPI rose 5.4% year over year, above the 5.3% forecast, reinforcing concerns that inflation could delay Federal Reserve easing.

  • Renewed U.S.-Iran tensions pushed oil above $100, adding inflation and earnings risks while pressuring rate-sensitive technology stocks.
  • The decline is broad-based: the Nasdaq and Dow are also lower, confirming a global macro-driven move.