SPY is trading at $750.95, down 0.15% versus the November 2 close of $752.10, as premarket pressure reflects concerns about AI spending and technology profitability. - Apple’s weak margin outlook weighed despite an earnings beat. - A reported U.S. strike on Iran’s Qeshm Island renewed concerns about oil supplies and geopolitical uncertainty ahead of the U.S. midterm elections. - Futures were mixed, indicating modest premarket weakness—not a confirmed full-session move. The supplied price context does not show a 3% decline.