🔴 S&P 500 ETF (VOO) is trading 1% down as Hormuz reports revive oil-supply fears

VOO is trading at $702.62, down 1.07%, as oil jumped on reports of tanker damage in the Strait of Hormuz, reviving supply and inflation concerns.

• Investors are questioning the cost and payoff of AI infrastructure after mixed technology-company results and weak Lam Research guidance.
• The Nasdaq was falling more sharply than the S&P 500.