🔴 Tech ETF (SPTE) is trading 1.78% down in pre-market as hotter-than-expected September CPI revives rate concerns

SPTE is trading at $47.00 (-1.78%) as hotter-than-expected September CPI revived higher-for-longer rate concerns, weighing on rate-sensitive technology stocks and AI infrastructure.

• Investors are questioning the scale and financing of AI buildouts; Nasdaq 100 futures were little changed in Bloomberg’s pre-open report, while the market snapshot shows NQ down 0.10%.
• TSMC’s cautious outlook added to chip-sector unease. Following SPTE’s recent declines, mixed futures suggest weakness is especially concentrated in technology.