🔴 Snap is trading 4.10% down today as hotter-than-expected U.S. inflation pressures markets

Snap is trading 4.10% down at ARS 10,050.00, with the decline coinciding with weaker broader markets and hotter-than-expected U.S. inflation. - No October 14 company-specific catalyst was confirmed. - September CPI rose 3.7% year over year; core CPI reached 2.6%, increasing concerns about higher rates and pressuring rate-sensitive stocks. - Reuters reported U.S. stock futures lower and Treasury yields rising after the CPI release; the Nasdaq was down 1.17% and the S&P 500 was down 0.80%.