Meta Platforms is trading at CA$39.12, with a -3.00% change, as hotter-than-expected inflation and broad market weakness weigh on growth and technology shares.
- September core CPI rose 0.3% month over month, above the 0.2% consensus; annual headline inflation reached 3.7%, versus 3.6% expected. Higher inflation lifted Treasury yields and rate-hike concerns.
- Meta rose 2.6% Tuesday after new AI offerings; available reporting identifies no new company-specific catalyst for the October 14 drop.