🔴 Growth ETF (SPYG) is trading 1.61% down in pre-market as Alphabet results deepen AI-return doubts

SPYG is trading at $117.63, down 1.61% in pre-market as Alphabet’s results intensify doubts about returns on heavy AI investment.

• Amazon fell 7.3%; Intel plunged 23% in extended trading after results and outlooks raised fresh spending and growth concerns.
• Weak Nasdaq futures and a global technology selloff add pressure; no major U.S. economic indicators are scheduled for October 30.
• SPYG’s 40.5% information technology allocation underscores sector exposure; it fell 1.46% in the October 29 session before the pre-market decline.