QQQI is trading at $55.02, with a -1.55% change as hotter-than-expected inflation and technology weakness pressure the fund.

  • September CPI rose to 3.7% year over year versus 3.6% expected; core CPI was 2.6% versus 2.5% expected, raising rate-hike concerns and Treasury yields.
  • Higher yields weighed on growth stocks, while continued semiconductor weakness added pressure; the Nasdaq was down alongside the broader market. QQQIā€™s technology-heavy exposure is consistent with its decline.