🔴 Large Growth ETF (MGK) is trading 2% down in pre-market as OpenAI pause fears hit tech

MGK is trading at $90.59 (-2.04%) as OpenAI’s training pause renewed fears of slower AI development, weighing on chipmakers and the wider technology sector.

• Treasury yields above 5.2% and renewed Iran-related oil concerns added pressure to growth stocks.
• JOLTS and Consumer Confidence are due later on September 29, adding rate-sensitive data risk.