🔴 S&P 500 ETF (UPRO) is trading 3% down in pre-market as mixed results revive AI concerns

UPRO is trading at $147.13, down 3.21%, as mixed Tesla and Meta results revived concerns over AI spending and returns.

• U.S. equity futures fell, while Asian markets and chip shares weakened.
• Rising Middle East tensions lifted oil prices, adding to risk-off sentiment.
• The broader market decline is consistent with pressure on UPRO, which magnifies S&P 500 daily moves.