QQQ slides as technology and AI-linked shares sell off

On Oct. 16, QQQ fell about 2.3% to $710.93 in afternoon trading as the Nasdaq dropped 2.2%, S&P 500 1.2% and Dow 0.5%. The report cited an eight-session tech/AI selloff, investor concerns over AI infrastructure returns, and Sept. CPI of 3.7% year over year versus 3.6% consensus; rate-hike odds rose ahead of the Oct. 27–28 Fed meeting.