ARKK is trading at $82.82 (-3.04%) as investors questioned returns on AI spending. - Tesla cut its 2026 capital-expenditure forecast, while Meta raised its outlook; both developments weighed on confidence in technology-led growth. - Rising oil prices amid Strait of Hormuz tensions added inflation and risk-off pressure, while technology shares and Nasdaq futures weakened. - Tesla is a major ARKK holding at roughly 10%, making its decline an additional fund-specific drag.