SPY is trading at $733.40 (-1.48%) as U.S. equities face broad pressure from technology weakness and risk-off positioning.
- The selloff is visible across major indices, with the Nasdaq Composite down 2.28% and the S&P 500 down 1.50%, indicating a macro-driven move rather than fund-specific news.
- Market sentiment is further weighed down by quarter-end rebalancing and weakness in other risk assets, including cryptocurrency, despite a lack of major economic data releases today.