🔴 S&P 500 ETF (UPRO) is trading 3.25% down as doubts over AI returns pressure tech stocks

UPRO is trading at $146.76 (-3.25%) as renewed doubts about returns on heavy AI investment pressure technology stocks.

• Tesla’s reduced capital-spending forecast and Meta’s costly AI plans added to investor concern.
• Brent crude climbed above $112 per barrel amid escalating Middle East tensions, adding inflation and supply-risk concerns.
• The Nasdaq’s sharper decline reflects tech-sector pressure, while UPRO’s leveraged exposure magnifies broad S&P 500 weakness.