🔴 Palantir ETF (PLTE.TO) is trading 3% down as hotter U.S. inflation pressured tech shares

PLTE.TO is trading at CA$22.44, down 3.03%, as hotter-than-expected U.S. inflation pressured technology shares.

• September U.S. CPI was 3.7% year over year versus 3.6% expected, lifting Treasury yields and rate-hike concerns. Higher yields pressured growth and technology shares broadly.
• PLTE held 129.2% of its net asset value in Palantir as of September 30. The ETF also uses leverage, which can amplify weakness in its underlying holding.
• Retrieved sources do not confirm a Palantir-specific catalyst for the decline.