🟢 SQQQ is trading 5% up today as hotter inflation revives rate concerns

SQQQ is trading at $37.91, up 4.91%, as technology shares face renewed pressure.

• SQQQ is a leveraged inverse Nasdaq ETF. Investors are scrutinizing debt-financed AI infrastructure spending and borrowing costs, with CoreWeave among the pressured companies.
• The broader technology selloff followed hotter-than-expected inflation, reviving concerns about higher interest rates. The Nasdaq was down 1.32% in the supplied market context.
• The move reflects a broader market and technology trend, not a specific SQQQ announcement.