🔴 Technology ETF (AIQ) is trading 3.04% down as hotter-than-expected CPI lifts yields

AIQ is trading at $63.85, down 3.04%, as hotter-than-expected September inflation revived rate-hike concerns and lifted Treasury yields.

• September CPI rose 3.7% year over year, above the 3.6% forecast.
• Higher Treasury yields pressured technology and other growth stocks sensitive to borrowing costs; the Nasdaq fell, while semiconductor shares extended declines.
• AIQ’s move is consistent with the market-wide response to hotter-than-expected inflation; no volume data was provided.