🔴 Technology ETF (TQQQ) is trading 5.21% down on October 29, 2026, as Nasdaq weakness drives losses

TQQQ is trading at $69.17, down 5.21%, as Nasdaq weakness, amplified by its leveraged exposure, weighs on the fund.

• Alphabet’s disappointing results and negative free cash flow intensified worries about AI spending and weighed on technology sentiment.
• Samsung’s weaker-than-expected semiconductor results added to concerns about chip-sector momentum.
• Stronger-than-expected growth and persistent inflation reinforced caution around rates, while the Fed had held rates at 3.75%–4.00%.