🔴 Tech ETF (SPTE) is trading 1.56% down as hotter CPI revived rate-hike concerns

SPTE is trading at $49.27, down 1.56%, as hotter-than-expected September CPI revived rate-hike concerns and pressured technology shares.

• Headline CPI was 3.7% year over year, versus 3.6% expected, as Treasury yields rose.
• Semiconductor weakness tied to reported Chinese memory-chip advances and competition concerns added sector-specific pressure.
• The broader market was lower, with the Nasdaq down 0.92%.