🔴 Snowflake is trading 4.03% down today as hotter-than-expected inflation pressures technology stocks

Snowflake is trading 4.03% down at ARS 18,360.00, with hotter-than-expected inflation weighing on technology stocks. - September annual CPI reached 3.7% versus 3.6% expected; core CPI reached 2.6% versus 2.5% expected. - Rising Treasury yields and increased expectations of further Fed tightening are weighing on technology and growth stocks. - Phillip Securities downgraded Snowflake on October 13, though available reporting does not establish that as the direct cause of this session’s decline.