SCHG is trading at $35.08, down 1.53%, as Alphabet’s weaker-than-expected results, search revenue shortfall, and $9.07 billion in negative free cash flow revived concerns about returns on massive AI spending.

  • The pressure was tech-heavy: the Nasdaq Composite fell 1.78%, while the S&P 500 fell 0.71%.
  • Resilient GDP and persistent inflation kept Fed tightening concerns in view, though PCE was reported in line with expectations.