GARY is trading at $27.64 (-1.67%) as hotter-than-expected September CPI lifted Treasury yields and revived expectations of a Federal Reserve rate hike.

  • September CPI rose 3.7% year over year versus 3.6% expected; core CPI increased 0.3% monthly versus 0.2% expected.
  • Chinese memory-chip competition concerns added semiconductor pressure as major chipmakers fell; rate-sensitive technology and growth shares were pressured, while the wider market declined and the Nasdaq underperformed the Dow.