🔴 Miscellaneous Sector ETF (MARS) is trading 3.15% down today after hotter-than-expected CPI lifted Treasury yields

MARS is trading at $22.89, down 3.15%, as hotter-than-expected September inflation revived expectations of a Fed rate hike.

• September CPI rose 3.7% year over year, above the 3.6% forecast, pushing Treasury yields higher.
• Higher yields pressured growth-sensitive shares and broad U.S. equities; the Nasdaq fell 1.90% and the S&P 500 fell 1.24%.
• Meta’s Muse Wonder announcement is not a clear explanation for the decline; broader inflation and rates are better-supported catalysts.