🔴 Growth ETF (PWB) is trading 1.6% down as hotter-than-forecast CPI lifts Treasury yields

PWB is trading at $159.05, down 1.63%, as hotter-than-forecast inflation pressures rate-sensitive growth and technology shares.

• September core CPI rose 0.3% monthly and 2.6% annually, both above forecasts, lifting Treasury yields and rate-hike expectations.
• Memory-chip stocks extended declines amid concerns about Chinese competition, including CXMT’s reported memory advances; the broader market also turned lower after CPI.