Hot CPI and Risk-Off Rip Through Tech: $QQQ Nears 2% Slide as $SPY and Small Caps Follow

$QQQ $SPY — A hotter-than-expected CPI print and renewed risk-off flows pushed the Nasdaq-100 sharply lower, with the S&P 500 and Russell 2000 also shedding ground. Markets rotated away from rate-sensitive tech into defensives and energy as traders reassessed Fed timing.