🟢 TECS is trading 5.7% up today as tech stocks slide on AI spending concerns

TECS is trading at $60.51, up 5.74% in live trading at 9:59 a.m. ET on October 22, benefiting from weakness in technology shares.

• Reuters reported renewed concerns about AI spending after updates from Tesla and Meta, while chip stocks also declined.
• Asian chip stocks and U.S. tech futures were weak; broader risk-off sentiment and rising oil prices added pressure.
• TECS is a daily inverse technology fund.