QuantumScape is trading 4% down at $3.97 as hotter-than-expected September inflation data weighs on growth-oriented shares.
- Headline CPI was 3.7% year over year versus a 3.6% forecast; core CPI was 2.6% versus 2.5% expected.
- The data revived concerns about higher-for-longer interest rates, weighing on the broader market.
- No company-specific announcement explaining the October 14 decline surfaced in the search. The recent QS PowerBlock launch and an analyst price-target cut were reported earlier and do not clearly explain this session’s move.