🔴 Macy’s is trading 4.1% down as hotter inflation revived rate-hike concerns

Macy’s is trading at $21.80, down -4.11%, as hotter-than-expected September inflation revived rate-hike concerns and weighed on equities.

• Reuters reported U.S. stocks were headed lower after September CPI rose 3.7% year over year, above the 3.6% forecast.
• Supplied market context showed the S&P 500 down 0.77% and Nasdaq down 1.01%; no clear Macy’s-specific catalyst surfaced in reviewed news.