🔴 Materials ETF (REMX) is trading 3% down as hotter-than-expected CPI lifted yields and rate concerns

REMX is trading at $55.72 (-3.01%) as September CPI exceeded forecasts, lifting Treasury yields and Fed-hike concerns amid a broad U.S. stock decline. - Major holdings were mixed: MP Materials fell 6.79% and China Northern Rare Earth fell 3.35%, while Albemarle gained 1.60%. - Chinese rare-earth prices were mixed, not uniformly lower, pointing more strongly to macro pressure and weakness in select holdings than to a single sector-wide price shock.