🔴 QQQI is trading 2.1% down today as tech selloff deepens ahead of PCE inflation data

QQQI is trading 2.1% down today as Nasdaq futures drop sharply and information technology stocks extend a selloff in growth and AI-related names.

• The fund's heavy concentration in technology is driving the decline, tracking broader weakness in growth-oriented and AI-linked equities.
• Traders are positioning cautiously ahead of Thursday’s PCE inflation report, which may influence future Fed policy and impact rate-sensitive technology shares.
• The downturn reflects broader pressure on Nasdaq-100–linked strategies as investors recalibrate expectations for long-duration assets.