Dycom Industries is trading 4.13% lower at $258.50 after September inflation data came in hotter than expected on October 14, renewing interest-rate concerns and weighing on stocks broadly.
- Headline CPI rose 3.7% year over year versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
- Industrials and major market indexes were also lower.
- No clear company-specific catalyst explaining the decline was identified.