IYW is trading at $255.51, down 1.55% in pre-market, as hotter September CPI revived concerns about higher-for-longer rates, pressuring growth and technology stocks.
- Global AI-linked technology selling intensified; Asian chipmakers tumbled and Nasdaq futures fell about 1.1%.
- U.S. pre-market weakness in Nvidia, Micron and AMD reinforced sector pressure. Scheduled PPI and retail-sales releases add uncertainty, but available reports do not establish their results or market reaction.