🔴 Tech ETF (LYTE) is trading 4.1% down in pre-market as hotter CPI revives higher-for-longer rate concerns

LYTE is trading at $20.51 (-4.07%) as hotter-than-expected September CPI rekindled concerns about higher-for-longer Fed rates, pressuring growth shares. - Semiconductor weakness and AI valuation concerns deepened the tech-led selloff; Asian chip and technology shares also fell sharply overnight. - Nasdaq futures were down 1.11%; PPI and retail-sales data are due at 8:30 a.m. EST.