SPY is trading at $753.08 (-2.12%) as Intel’s weaker-than-expected outlook and Amazon earnings and spending concerns intensify a technology selloff.
- Investors questioned whether heavy AI investment will deliver sufficient returns, weighing on the S&P 500 given its large technology allocation.
- The supplied quote shows a sharp intraday decline; no volume figure was provided.
- Separate reports cited the Fed’s rate decision and elevated inflation data, but technology earnings were the clearest immediate catalyst.