IQQ is trading at $24.79, down 1.53%, as hotter-than-expected September CPI renewed rate-hike concerns and pressured growth-oriented technology shares.
- September headline inflation was 3.7% annually, while core inflation was 2.6%.
- Treasury yields rose and broader markets fell; the Nasdaq was down 1.18%.
- Global memory-chip stocks faced additional pressure from Chinese competition concerns.