🔴 Tech ETF (SPRX) is trading 1.7% down in after-hours trading amid inflation concerns

SPRX is trading at $47.84 (-1.70%) as renewed inflation concerns weigh on technology shares.

• During the October 8 session, escalating Middle East shipping tensions pushed Brent crude above $105, while the 10-year Treasury yield neared multi-decade highs.
• The move appears macro- and sector-led, with no confirmed after-hours holding-specific catalyst.
• Samsung’s strong preliminary profit did not prevent the broader risk-off backdrop from pressuring technology shares.