🔴 Nasdaq-focused ETF (JEPQ) is trading 1.51% down as AI spending raises return concerns

JEPQ is trading at $56.18, down 1.51%, as investors worry heavy AI infrastructure spending may take too long to generate returns.

• Technology weakness followed recent earnings disappointments from Alphabet, Amazon and Intel.
• Oracle announced plans to raise $20 billion for its AI buildout; its shares fell, adding to unease over AI financing.
• Broader markets were mixed: Nasdaq underperformed Dow as investors awaited Apple earnings and the November 3 midterm election.