🔴 Tech ETF (SPTE) is trading 1.81% down in pre-market as hotter-than-forecast CPI revived rate concerns

SPTE is trading at $47.74, down 1.81% in pre-market, as September CPI rose 3.7% year over year, above the 3.6% forecast, reviving concerns about higher rates for longer.

• The Nasdaq fell 1.9% on October 14, while Asian tech stocks sold off sharply overnight.
• Nasdaq futures were down more than 1% amid concerns about AI investment costs and borrowing rates.