Corning is trading at $140.54 (-4.06%) as hotter-than-forecast September CPI lifted rate concerns and pressured growth stocks.
- Annual inflation was 3.7%; core CPI was 2.6%.
- RBC downgraded technology to market weight, citing valuations after a strong run; sector weakness added pressure on Corning.
- No clear Corning-specific announcement explains the decline. Third-quarter results are due October 27; that report is not a same-day catalyst.