SPDR S&P 500 ETF Slides as Tech Earnings, Rising Oil and High Yields Trigger Risk-Off Reaction
SPDR S&P 500 ETF Trust slipped 0.9% in pre-market trade to $765.92 amid a broad retreat from risk assets driven by disappointing technology results, a jump in global oil prices and sustained high long-term yields. Weakness in semiconductor-related names, fresh attacks in Saudi Arabia pushing oil higher, and an elevated 10-year Treasury yield combin…