🔴 Technology ETF (AIPO) is trading 4.15% down today as hotter-than-expected inflation stokes Fed tightening concerns

AIPO is trading at $25.66, down 4.15%, as hotter-than-expected U.S. inflation raised concerns about more aggressive Fed tightening, weighing on equities and interest-sensitive industries.

• Early European industrial goods fell 1.94%, with inflation, higher energy prices and rate-hike concerns cited as broader headwinds.
• Industrials make up 52.4% of AIPO’s allocation, making sector weakness relevant. The CPI event also described rising yields and pressure on growth stocks.