Arista Networks is trading 3.05% down at $198.28, as hotter-than-expected September inflation heightened rate-hike concerns and lifted Treasury yields, weighing on U.S. stocks and growth-oriented technology shares.
- Reuters reported September core CPI rose 2.6% year over year versus 2.5% expected; headline CPI was 3.7% versus 3.6% expected.
- No clear company-specific catalyst for the October 14 move surfaced; available evidence points mainly to macro and market pressure.