🔴 Tech ETF (CIBR) is trading 2.19% down in pre-market as hotter-than-forecast CPI pressures tech shares

CIBR is trading at $101.47, down -2.19%, as September CPI exceeded forecasts, reviving expectations for higher US interest rates and pressuring growth-oriented technology shares.

• The tech-led selloff extended into Asia, where semiconductor weakness and concerns about AI financing risks weighed on markets.
• Nasdaq futures are down 1.11%; US PPI and Retail Sales are due at 8:30 a.m. EST.
• TSMC earnings are scheduled for October 15; no results were available as of 4:32 a.m. EST.