🔴 Tech ETF (SPRX) is trading 5.21% down as hotter CPI revives Fed rate-hike concerns

SPRX is trading at $40.39, down 5.21%, as hotter-than-expected September CPI revived Federal Reserve rate-hike concerns, lifting yields and pressuring rate-sensitive technology valuations.

• The global AI and semiconductor selloff intensified, with sharp declines among Asian chipmakers and Nasdaq futures extending losses.
• Despite strong ASML results and AI-driven demand, broad risk-off sentiment weighed more heavily on technology shares; the Nasdaq Composite was down 1.04%.