🔴 Shopify is trading 3.1% down in pre-market as hotter-than-expected U.S. inflation revives rate-hike expectations

Shopify is trading at $167.10, down 3.13%, in pre-market on October 15 amid a broad technology sell-off; no clear company-specific catalyst has been identified.

• Reuters reports hotter-than-expected U.S. inflation revived rate-hike expectations, weighing on technology shares.
• The Nasdaq is down 1.26% pre-market, amid wider tech pressure over financing AI investment. Shopify fell 2.28% on October 14.