🔴 Pure Storage is trading 7.67% down as hotter-than-expected U.S. inflation pressures technology stocks

Pure Storage is trading 7.67% down at €127.55, amid broader technology-market weakness following hotter-than-expected U.S. inflation.

• Reuters reported on October 14 that inflation data boosted rate-hike bets and pressured technology stocks.
• September headline CPI was 3.7% year over year versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
• No stronger company-specific catalyst or Pure Storage announcement was reported.