🔴 MC is trading 4.04% down today as inflation tops forecasts

MC is trading at $54.11, down -4.04%, as hotter-than-forecast inflation weighs on equities.

• The September CPI report showed annual headline inflation of 3.7% and core inflation of 2.6%, both above forecasts; rising Treasury yields added pressure to stocks.
• The broader market was also lower: the S&P 500 was down 0.87% and the Nasdaq was down 1.12%.
• Recent analyst target cuts cited weaker M&A momentum, but no new company-specific catalyst clearly explains the intraday move.