🟢 Inverse S&P 500 ETF (SDD) is trading 2.6% up as the S&P 500 opens lower

SDD is trading at $9.57, up 2.57%, amid broad-market weakness consistent with its inverse exposure.

• Hotter-than-forecast core CPI lifted Treasury yields and increased expectations of a Federal Reserve rate hike, weighing on U.S. equities.
• The S&P 500 and Nasdaq opened lower after the inflation report.
• SDD seeks daily returns of approximately twice the inverse of the S&P 500’s performance; the live session is still in progress.