🔴 Gitlab is trading 4.07% down in pre-market as Alphabet's after-hours drop pressures tech

Gitlab is trading at $55.61, down 4.07% in pre-market as software shares face pressure after major technology earnings.

• On October 29, Reuters reported Alphabet shares fell 10% after-hours, while Nasdaq futures declined 0.9%.
• GitLab's October 28 news context linked its after-hours weakness to pressure across software shares; this points to sector sentiment, not a confirmed new GitLab-specific catalyst.
• Markets were mixed: Nasdaq futures were weaker while Dow futures rose, with weakness concentrated in technology.