SPY is trading at $764.14, down 1.03%, as reports of tanker damage in the Strait of Hormuz revived oil-supply fears. - Brent reached $112.27 per barrel, reviving inflation and supply-disruption concerns. - Mixed megacap results and concerns about costly AI investment weighed on technology shares; Lam Research’s cautious outlook added pressure. - The S&P 500 and Nasdaq also retreated, pointing to a broader risk-off move rather than an isolated ETF event.