🟢 Tech ETF (SPRX) is trading 2.11% up on October 23, 2026, as tech rout eases

SPRX is trading at $37.75, up 2.11%, as the rebound followed the sharp October 22 selloff and the AI-spending-driven tech rout showed signs of easing.

• Concerns about the cost and payoff of AI investment remain.
• Meta’s higher AI-capex outlook and Tesla’s spending plans weighed on technology shares; rising oil amid Middle East tensions kept broader market sentiment cautious.
• The market snapshot is mixed: Nasdaq is slightly higher, while the S&P 500 and Dow are lower.