🔴 S&P 500 leveraged ETF (SPXL) is trading 3.17% down in pre-market on AI investment-cost concerns

SPXL is trading at $281.64, down 3.17%, as broad-market weakness pressures its S&P 500 exposure.

• U.S. futures are lower, with technology stocks under pressure after mixed Tesla and Meta results raised concerns about AI investment costs.
• Brent crude rose above $111 amid heightened Middle East supply concerns.
• Weekly jobless claims are due at 8:30 a.m. ET.