IGV is trading at $109.15 (-1.65%) as hotter-than-expected inflation pressured growth-oriented software valuations. - September CPI rose 3.7% year over year versus 3.6% expected; core CPI exceeded forecasts at 2.6% annually and 0.3% monthly. - Higher inflation pushed bond yields up and futures lower, pressuring growth-oriented software alongside the broader market. - No distinct software-sector catalyst was confirmed; the move is most consistent with macro-driven risk aversion.