SPY is trading at $767.35 (-0.37%) as new Canadian retaliatory tariffs of up to 50% on approximately 700 U.S. products took effect September 8.
- S&P 500 futures were lower, while elevated oil prices, Treasury yields, yen strength, and Iran-related tensions pressured global risk sentiment.
- The decline was broad but modest: Dow futures underperformed, while technology-heavy Nasdaq futures were comparatively resilient.