🔴 Growth ETF (VOOG) is trading 1.51% down as hotter CPI fuels rate concerns

VOOG is trading at $85.58, down 1.51%, as hotter inflation and rate concerns weigh on growth shares.

• September CPI rose 3.7% year over year versus 3.6% expected; hotter core inflation heightened rate concerns, yields rose, and markets increased expectations of Fed tightening.
• Applied Materials plunged, and chip stocks extended a multi-session slide amid demand and valuation concerns.
• The selloff aligns with declines in the Nasdaq and S&P 500; VOOG’s technology-heavy exposure likely amplifies the pressure.