SPY is trading at $771.92, down 0.68%, as higher oil and Treasury yields weigh on stocks. - Escalating Middle East tensions, including reported explosions in Riyadh and fears of disruption around the Strait of Hormuz, have driven oil higher. Brent approached or exceeded $105 a barrel, renewing inflation concerns. - Chip and other technology shares added pressure. Reports said the 10-year yield climbed above 5.3%, amplifying concerns about borrowing costs.