SPYG is trading at $120.07, down 1.61%, as weak Nasdaq futures and overnight declines in Asian markets pressure growth stocks amid questions about AI infrastructure returns.

  • Lam Research fell after weaker guidance, adding pressure to semiconductor-related shares.
  • Mixed megacap reactions—Tesla’s spending cut and Meta’s higher AI outlay—reinforced uncertainty; renewed Gulf tensions and higher oil prices further weakened risk sentiment.
  • No major U.S. economic releases are scheduled for October 22, 2026.