A.M. Update

S&P futures are down -0.15% and Nasdaq-100 down -0.45%, while Dow & Russell 200 futures are flat. AI-spending concerns and elevated borrowing costs weighed on Asian technology shares. The main catalyst was the disastrous debut of Korean data-center/neocloud firm Elice, which plunged as much as -30% on its first day of trading despite being more…