🟢 Tech ETF (SOXQ) is trading 2.13% up as August CPI eased Fed tightening fears

SOXQ is trading $93.42 (+2.13%) after August CPI matching expectations reduced immediate fears of additional Federal Reserve tightening.

• Relief in Treasury yields supported rate-sensitive technology and semiconductor shares.
• Broad risk-on buying lifted the Nasdaq Composite and S&P 500, rather than an isolated SOXQ catalyst.
• The rally partially reverses SOXQ’s 2.63% decline on September 10, when hotter PPI, elevated yields, and oil above $100 pressured technology stocks.