🔴 SPY is trading 1.36% down today on rising U.S.-Iran tensions and AI capital spending concerns

SPY is trading at $737.25 (-1.36%) as geopolitical risks and concerns over corporate spending weigh on the market.

• Rising U.S.-Iran tensions are driving oil prices higher and creating a risk-off tone across equities.
• Broader market pressure is stemming from concerns over heavier AI capital spending by major tech names, which is weighing on the S&P 500's largest growth-weighted holdings.