Fastly is trading at $23.73, down 5.06%, after hotter-than-expected September inflation renewed interest-rate concerns and pressured growth stocks.
- Reuters reported that the CPI surprise pushed markets lower, while technology shares faced pressure from higher-rate expectations.
- No clear company-specific catalyst was identified for October 15. The broader software-sector decline also fits the move; available evidence points to macro and sector sentiment rather than a Fastly-specific development.