🔴 Growth ETF (MGK) is trading 2.3% down in pre-market after hotter-than-expected inflation revives rate concerns

MGK is trading at $90.12, down 2.29% in pre-market as hotter-than-expected inflation revived concerns about higher-for-longer rates.

• September CPI rose 3.7% year over year, above the 3.6% forecast.
• Technology and semiconductor shares extended losses as rate-sensitive AI stocks faced pressure; Asian markets also sold off sharply.
• Nasdaq futures were down 1.11%, signaling continued tech weakness into U.S. pre-market trading.