🔴 Illumina is trading 5% down in after-hours trading as hotter-than-expected September inflation revives rate concerns

Illumina is trading at $254.08, down 5.17%, after-hours on October 15, with hotter-than-expected September inflation and renewed higher-for-longer rate concerns the likeliest explanation for pressure on technology shares.

• The macro backdrop is the likeliest explanation, rather than a confirmed Illumina-specific catalyst; the regular-session close was $267.93.
• Illumina announced a software platform launch on October 14.
• Its next quarterly results are scheduled for October 29.