🔴 SPY is trading 0.1% down today on pre-market weakness and tech-led pressure following an Asian market sell-off

SPY is trading at $745.00 (-0.1%) amid a broadly weaker pre-market tone and continued pressure in growth and technology shares.

• S&P 500 futures and NASDAQ futures are trending lower, signaling a cautious start for equities as tech sentiment remains fragile.
• The move follows a cooling of AI-linked stocks and a sharp sell-off in major Asian markets on July 2, which has increased risk-off pressure.
• Market participants are monitoring the continued rotation out of high-growth sectors as global equity markets face renewed headwinds.