🔴 Large Blend ETF (SPMO) is trading 1.63% down in pre-market as megacap earnings revive AI-spending doubts

SPMO is trading at $140.82, down 1.63%, as mixed megacap earnings revived concerns over whether heavy AI infrastructure spending will pay off.

• Meta raised its 2026 capital-spending outlook, while Tesla cut its forecast, prompting investor caution.
• Weaker Asian chip shares and lower Nasdaq futures point to broader technology-sector weakness.
• Rising oil and Middle East tensions add to risk aversion; the wider market is also lower, so SPMO’s decline is not isolated to technology.