MTUM is trading at $298.27 (-1.72%) as Alphabet’s disappointing results and heavier AI spending revived concerns about returns, weighing on tech shares.
- The pressure also weighed on Nasdaq futures; Samsung shares fell after investors reacted to its outlook and shareholder-return plans.
- Broader markets weighed inflation data and the Fed’s cautious tone.
- Microsoft’s strong cloud results offered a counterpoint but did not offset tech-sector pressure.