SPY is trading at $751.54, down 0.77% on September 16, 2026, as investors digest the Federal Reserve’s 25-basis-point hike to 3.75%-4.00%.
- Guidance implies another increase by December.
- Strong August retail sales reinforced concerns that inflation and consumer demand remain firm, while Treasury yields near 5% continue pressuring rate-sensitive technology and growth stocks.
- The broader market is also lower, confirming an index-wide risk-off move.