🔴 XLC is trading 1.54% down today as AI spending concerns weigh on technology shares

XLC is trading at $99.90 with a -1.54% move after hours as investors reassess whether heavy AI infrastructure spending will generate adequate returns.

• Reuters reported technology shares slumped on October 30 amid those concerns; Amazon and Intel results added pressure, while Alphabet extended its decline.
• The S&P 500 and Nasdaq were also sharply lower, supporting a broader-market explanation rather than a new XLC-specific catalyst.