SPY is trading at $763.32 (-0.75%) as 30-year Treasury yields rebound to 5.217%, renewing pressure on rate-sensitive technology and growth stocks.
- Walmart fell sharply after 2.6% comparable-sales growth missed expectations and its outlook disappointed investors.
- Higher oil prices and continuing Middle East tensions added inflation and risk-aversion concerns, while broad selling in technology and cyclical stocks pressured the index.