🔴 Growth ETF (SCHG) is trading 1.5% down as AI borrowing concerns pressure tech shares

SCHG is trading at $35.38, -1.54%, as AI borrowing concerns pressure technology shares.

• Debt concerns around data-center firms such as CoreWeave have fueled a broader pullback in AI-linked stocks.
• Hot September inflation has increased expectations of further Fed tightening; the S&P 500 information technology sector was the index’s biggest drag in Friday trading.
• ASML’s record sales and strong AI demand offer a positive counterpoint but have not offset sector-wide pressure.