🔴 Technology ETF (GPIQ) is trading 1.5% down as hotter-than-expected CPI lifts yields

GPIQ is trading at $56.91, down 1.51%, as hotter-than-expected inflation renewed rate-hike concerns and pressured technology shares.

• September CPI rose 3.7% year over year versus 3.6% expected; core CPI also topped forecasts.
• Treasury yields climbed, and semiconductor weakness added to the technology sector’s decline. The broader market was lower, with the Nasdaq down 1.69%; GPIQ’s technology-heavy mix likely amplified the pressure.