🔴 Tech ETF (EUV) is trading 1.7% down in after-hours trading as hot CPI raises rate concerns

EUV is trading at $22.48 (-1.70% versus the regular-session close), as hot September CPI pushed up rate concerns and pressured growth stocks.

• September CPI was 3.7% year over year versus 3.6% expected.
• Chip weakness reflected investor concerns about Chinese memory competition and AI financing costs.
• For October 15, investors are watching TSMC’s scheduled report and U.S. economic releases; no confirmed after-hours holding earnings catalyst was identified.