🔴 Technology ETF (TECL) is trading 6.48% down in pre-market on October 22, 2026, on AI-spending concerns

TECL is trading at $191.04, down 6.48%, as technology shares weakened after mixed Meta and Tesla results revived concerns about the cost and payoff of AI investment.

• Nasdaq 100 futures fell as investors reassessed the sector’s rebound.
• Renewed Middle East tensions and rising oil added to risk aversion, while weaker Asian technology shares reinforced pressure.
• The broad technology-sector selloff, rather than a TECL-specific catalyst, best explains the pre-market drop.