🔴 Large Blend ETF (MTUM) is trading 2.55% down in pre-market as AI spending faces return doubts

MTUM is trading at $290.73, down 2.55%, as technology shares face pressure over questions about returns from heavy AI infrastructure spending. - Overnight reports cite steep losses in Alphabet, Amazon and Intel. - Nasdaq futures fell around 2%; S&P 500 futures were down 0.96%, and Asian technology markets sold off. - Information technology represents 54.6% of MTUM; no major U.S. economic indicators are scheduled for October 30.