🔴 Large Blend ETF (SPMO) is trading 1.72% down in pre-market as Alphabet disappoints on AI investments

SPMO is trading at $142.41, down 1.72%, as technology shares weakened after Alphabet disappointed investors, reviving concerns that costly AI investments may not generate returns quickly enough.

• Nasdaq 100 futures fell about 1.3%. Microsoft’s stronger cloud results offered some support but did not offset broader pressure on tech sentiment.
• Investors awaited U.S. GDP and September personal income and outlays data, due at 8:30 a.m. ET, adding uncertainty for rate-sensitive growth stocks.