🟢 SQQQ is trading 4.52% up today as hotter-than-forecast CPI pressures Nasdaq shares

SQQQ is trading $35.52, up 4.52%, with its move consistent with Nasdaq weakness after hotter-than-forecast September CPI.

• Headline inflation reached 3.7% year over year; core CPI was 2.6%.
• The data raised rate-hike concerns and pushed Treasury yields higher, pressuring technology and growth shares.
• No SQQQ-specific company catalyst was identified; supplied price context shows a continued advance from the $33.98 October 13 close.