🔴 Growth ETF (SPYG) is trading 1.59% down amid Alphabet’s weak results and AI-spending concerns

SPYG is trading at $119.58, down 1.59%, as Alphabet’s weak results and heavy AI spending concerns pressure technology shares.

• Reuters reported Alphabet shares fell 10.5% premarket.
• Microsoft rose after strong results, but its gains did not offset broader technology weakness.
• The Nasdaq Composite is down 1.52%; elevated inflation concerns and the Fed’s rate outlook add caution.