State Street SPDR S&P 500 ETF Trust is trading at $742.48 (-1.05%) as markets react to a hawkish pivot from the Federal Reserve and suggestions of potential future rate hikes.

  • The Fed maintained steady rates but removed previous expectations for 2026 cuts, while Governor Warsh signaled that the next policy move could be a hike rather than a cut.
  • Broad equity pressure is being amplified by significant tech sector weakness, dragging down the technology-heavy ETF alongside the Nasdaq.