Flex is trading 10.01% down at $99.78 as September inflation exceeded forecasts, lifting rate-hike concerns and Treasury yields and pressuring the broader market.
- Reuters reported U.S. stocks fell after the inflation data.
- Flex completed its $4.4 billion EPC Power acquisition, funded partly with new borrowing; available coverage does not establish that the deal caused today’s decline.
- In the prior session, investors focused on financing and execution risks around the planned Axiom spin-off.