🔴 Tech ETF (IYW) is trading 1.59% down in after-hours trading as Alphabet and software stocks fall after results

IYW is trading at $253.57, down 1.59%, as after-hours declines weighed on technology sentiment.

• Alphabet fell about 9%, while software stocks ServiceNow and Fortinet dropped sharply after results.
• Microsoft rose after beating earnings estimates, but that strength did not offset broader post-report pressure. The Fed held rates steady as expected; no surprise rate move drove the decline.
• The October 29 outlook remains sensitive to earnings reactions, with Amazon and Intel due to report after the close.