🔴 Growth ETF (QTOP) is trading 3.01% down in pre-market as hotter inflation revives higher-for-longer rate concerns

QTOP is trading at $37.08 (-3.01%), as hotter September CPI revived higher-for-longer rate concerns, pressuring growth valuations.

• September CPI rose 3.7% year over year, above the 3.6% forecast.
• Technology and semiconductor shares weakened on concerns over debt-funded AI infrastructure and whether future returns will justify the spending.
• Mixed overnight futures and a rebound in Asian technology shares offered limited relief; QTOP’s 65.6% information-technology allocation makes sector weakness especially relevant.