MGK is trading at $92.73, down 1.55%, as hotter-than-forecast September CPI raised expectations the Fed may keep rates higher for longer, weighing on growth-oriented technology shares.

  • Treasury yields rose amid the rate pressure.
  • Semiconductor stocks extended recent losses, including Micron, AMD and Intel.
  • The broader market was also lower, so MGK’s decline reflected tech-sector pressure and wider risk aversion.