🔴 Nasdaq-100 leveraged ETF (TQQQ) is trading 4.57% down as hotter-than-expected CPI lifted rate-hike bets

TQQQ is trading at $75.21, down 4.57%, as hotter-than-expected inflation lifted Treasury yields and Fed rate-hike bets.

• September CPI rose 3.7% year over year, above the 3.6% forecast; core inflation also exceeded expectations.
• Higher yields pressured rate-sensitive technology and growth stocks, weighing on the Nasdaq-100 that TQQQ tracks with leverage.
• Continued chip-sector weakness linked to China competition added pressure, though inflation was the clearest broad catalyst.