However, the turnaround remains a work in progress. Nike's business in Greater China declined 10%, and its direct-to-consumer digital sales fell 12% as it deliberately pulled back on promotions. The SPDR S&P Bank ETF (KBE) lost around 8%, while the SPDR S&P Regional Banking ETF (KRE) dove more than 9%. Both are on track to record their biggest one-day slides since the regional banking crisis in March 2023. In a rangebound after-hours tape, the "SPY after hours stock price" traded at $532.42, with traders awaiting catalysts from upcoming macro data and corporate guidance updates.