🔴 Technology and income ETF (JEPQ) is trading 1.5% down today as above-forecast CPI pressures tech shares

JEPQ is trading at $60.01, down 1.50%, as hotter-than-forecast inflation pressures technology and growth shares.

• September CPI rose 3.7% year over year, above the 3.6% forecast, lifting Treasury yields and rate-hike concerns.
• Chip-equipment shares declined amid uncertain spending and competition concerns.
• The broader Nasdaq selloff also aligns with JEPQ’s technology-heavy exposure.