IGM is trading 2.27% lower at $158.86 as investors question whether heavy AI spending will pay off, pressuring technology shares.

  • Reuters reported renewed concerns following Tesla and Meta updates; higher oil prices tied to Middle East tensions also weighed on risk sentiment.
  • In the provided market context, the Nasdaq was down 1.57% and the S&P 500 was down 0.95%.
  • No IGM-specific announcement was identified.