QQQM is trading at $301.42 (-1.55%) as hotter-than-expected September CPI pushed Treasury yields higher and renewed rate-hike concerns, pressuring growth valuations. - September CPI was 3.7% year over year versus 3.6% expected. - Semiconductor weakness added pressure: reports of Chinese chipmaker CXMT’s technology progress intensified competition concerns, while chip stocks extended recent losses. - The Nasdaq Composite was down 1.42% in the supplied market context.