🔴 Quantum Computing is trading 5% down today amid hotter CPI and rising Treasury yields

Quantum Computing is trading 5.06% down at $6.53 as hotter-than-forecast September CPI and rising Treasury yields weigh on risk-sensitive technology shares.

• Reuters reported U.S. stocks lower as rate-hike expectations increased.
• On October 14, Quantum Computing announced a collaboration with INmune Bio to explore potential applications for an Alzheimer’s drug candidate, marking its first pharmaceutical and biotech commercial customer.
• The positive announcement is company news, but available reporting does not connect it to the share decline.