Intraday Update

1:29 p.m. ET The S&P 500 is struggling with a -2.25% decline, as risk sentiment gets dialed back by disappointing earnings news and persistent inflation pressures reflected in this morning’s PCE report. Amazon.com (AMZN -13.6%) is down 13% after issuing downside Q2 guidance, Apple (AAPL -2%) warned of higher costs associated with supply chain issues….