🔴 Technology ETF (ARKF) is trading 3.2% down as hotter-than-expected September CPI raises rate-hike concerns

ARKF is trading at $45.97 (-3.15%) as hotter-than-expected September CPI pushed Treasury yields higher and intensified concerns about a possible October Fed rate hike.

• Continued AI and semiconductor selling added pressure to technology sentiment.
• ARKF also has meaningful exposure to fintech and financial stocks, including Block, Circle, Coinbase, and Robinhood.