SPYG is trading at $122.99 (-1.71%) as hotter-than-expected inflation lifted Treasury yields and pressured rate-sensitive growth and technology shares.

  • September CPI rose 3.7% year over year, above the 3.6% forecast; core inflation also exceeded expectations, lifting rate-hike concerns.
  • Semiconductor weakness added pressure as chip stocks extended recent losses, with Micron and AMD among decliners.
  • Broader markets were also lower, reflecting both tech-sector weakness and wider risk-off trading.