🔴 Large Blend ETF (MTUM) is trading 1.54% down as hot CPI lifts yields, pressuring tech shares

MTUM is trading at $308.30, down 1.54% as hotter-than-expected September CPI boosted rate-hike concerns and Treasury yields, pressuring growth-oriented technology shares.

• September CPI was 3.7% year over year versus 3.6% expected.
• China’s CXMT reported progress on denser memory-chip technology, intensifying competition concerns for semiconductor makers.
• The S&P 500 fell 0.77% and the Nasdaq fell 1.01%.