🔴 Growth ETF (MGK) is trading 1.9% down as AI spending plans revive doubts about returns

MGK is trading at $89.85 (-1.87%) as Tesla’s reduced capital-spending forecast and Meta’s higher AI investment plans revived doubts about returns on heavy AI spending.

• Middle East tensions lifted oil prices, adding to risk aversion; U.S. futures were lower, with Nasdaq futures especially weak.
• MGK’s 61.8% information-technology allocation leaves it exposed to the sector’s decline.