SPY is trading at $769.09 (-0.3%) as Federal Reserve Chair Kevin Warsh emphasized persistent inflation and limited forward guidance, lifting rate-hike expectations.

  • Higher-rate concerns pressured technology and growth stocks, while the Nasdaq fell more sharply than the S&P 500.
  • The decline is modest rather than a 3% move; August 29, 2026, is Saturday, so the next regular session is August 31.