🔴 Technology ETF (HUMN) is trading 3.7% down in pre-market as hotter-than-forecast CPI pressures growth shares

HUMN is trading at $25.75, down 3.73%, as September CPI exceeded forecasts, lifting expectations for tighter Fed policy and pressuring rate-sensitive growth shares.

• September CPI rose 3.7% year over year, above the 3.6% forecast.
• Chip and AI-related stocks extended losses overnight as Asian technology markets sold off; Nasdaq futures were down about 1.1% in pre-market trading.
• Pending PPI and Retail Sales data could add to rate concerns.