GARY is trading at $26.91, down 2.08%, as hotter-than-expected September CPI revived concerns about higher rates and pressured growth-oriented technology stocks.
- The global tech selloff continued amid worries about AI investment returns, financing costs, and competition; chip-heavy Asian markets fell sharply.
- ASML’s upbeat results and raised forecast on AI demand offered a counterpoint, but broader sector weakness appears to be the main driver.