🔴 S&P 500 ETF (SPY) is trading 0.76% down today as AI debt weighs on tech shares

SPY is trading at $765.93 (-0.76%) as technology shares drag on the broad market amid reassessment of whether debt-funded AI infrastructure spending can generate adequate returns.

• CoreWeave’s debt worries have pressured semiconductor and technology stocks.
• Hotter-than-expected September inflation revived concern that interest rates may stay higher for longer; investors are looking ahead to the Federal Reserve’s October meeting.
• Led by technology, the broad market’s decline is consistent with the S&P 500’s drop.