Snowflake is trading 4.05% lower at $343.26 as hotter-than-expected September inflation weighed on technology shares.
- On October 14, headline CPI rose 3.7% year over year, above the 3.6% forecast; core CPI reached 2.6%.
- Reuters reported stocks were headed lower and technology shares were selling off as Treasury yields rose.
- No direct company-specific catalyst was identified; broad-market pressure is the clearest available explanation.