🔴 Information Technology ETF (NODE) is trading 4.56% down as hot September CPI revives higher-rate fears

NODE is trading at $32.42, down 4.56%, as hot September CPI revived fears of higher rates, pressuring technology and growth shares.

• September CPI was 3.7% year over year. The tech-led selloff reflects concerns that borrowing costs and competition will weigh on AI investment; semiconductor shares have also been under pressure.
• Asian technology stocks tumbled, adding to sector risk aversion. NODE’s 41.3% information technology allocation makes the decline relevant.
• No volume data was provided.