🔴 Technology ETF (ARKX) is trading 3% down in pre-market as hotter September CPI lifts rate concerns

ARKX is trading at $29.60, down 3.03%, as hotter-than-expected September CPI lifted rate concerns and weighed on growth-sensitive stocks.

• Asian technology markets also sold off sharply.
• ARKX has a 41.5% industrials allocation, but no specific sector-wide catalyst is identified; pre-market names are mixed, with Rocket Lab a notable decliner.
• Broad risk-off is the clearest explanation, not a confirmed ARKX-specific headline. PPI and retail sales are due at 8:30 a.m. ET.