SPYG is trading 5.28% down in after-hours trading as oil-driven inflation fears pressure information technology and other long-duration growth stocks.

  • U.S.-Iran military escalation pushed oil sharply higher, intensifying inflation concerns. Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole message lifted expectations for a September rate hike.
  • Higher expected rates compress growth-stock valuations, while cautious positioning ahead of Dell and Palo Alto Networks earnings adds uncertainty for the September 1 technology-sector open.
  • On August 31, the Nasdaq Composite fell 0.54% and the S&P 500 declined 0.27%, supporting a primarily macro-driven explanation.