🔴 Technology ETF (WGMI) is trading 3.08% down in pre-market amid disappointing Alphabet sales and AI-spending concerns

WGMI is trading at $31.77, down 3.08%, amid tech weakness over Alphabet’s disappointing sales and AI-spending return concerns.

• Alphabet shares fell about 10% after hours; Microsoft rose about 2.8%.
• Nasdaq 100 futures fell about 1.3% as investors reassessed AI earnings and spending. Q3 GDP and personal income and outlays data are due at 8:30 a.m. ET, after this 4:12 a.m. alert, and are not yet a realized catalyst.
• The sector-led move is consistent with WGMI’s technology-heavy exposure.