🔴 SPY is trading 1.30% down today as tech sell-off and geopolitical tensions weigh on markets

SPY is trading at $741.51 (-1.30%) as tech sector weakness and geopolitical tensions drive an index-wide sell-off.

• Semiconductor and AI-related stocks are leading the decline as investors question stretched valuations and the pace of AI-related capital expenditures.
• Market sentiment is further pressured by escalating U.S.-Iran tensions, leading to a defensive rotation out of the S&P 500, Nasdaq, and Dow.