🔴 Palantir ETF (PLTE.TO) is trading 3.1% down as hotter-than-expected U.S. inflation pressures tech shares

PLTE.TO is trading at CA$21.65, down 3.09%, as hotter-than-forecast U.S. inflation renewed rate concerns and weighed on technology shares.

• September U.S. CPI was 3.7% year over year, above the 3.6% forecast.
• Rate-sensitive technology shares faced pressure amid higher yields and a broader selloff in tech and semiconductors.
• On October 15, markets were mixed, with the Nasdaq weaker than the Dow; no distinct PLTE-specific news was found.