🔴 Tech ETF (WQTM) is trading 2% down in pre-market as Alphabet results and AI spending weigh

WQTM is trading at $28.06 (-1.96%) as Alphabet’s disappointing results and heavier AI spending heightened concerns about returns, weighing on technology shares.

• Microsoft’s strong Azure growth offered a counterpoint, but Nasdaq futures fell as investors weighed mixed results.
• Investors awaited U.S. GDP and PCE data after the Fed held rates steady.
• The decline follows a 0.10% gain at WQTM’s October 28 close.