The SPDR S&P 500 ETF Trust (SPY) experienced a decline following news of rising inflation. The ETF, which tracks the performance of the S&P 500 index, saw a decrease in value as investors reacted to the inflation data. Inflation can have a significant impact on the stock market, as it can erode the purchasing power of consumers and affect corporate profits. The news of inflation caused some investors to sell off their holdings in SPY, leading to a decrease in its price. Keep an eye on how inflation continues to impact the markets and ETFs like SPY.