🔴 Snowflake is trading 9.41% down as U.S. inflation revives rate concerns

Snowflake is trading at ARS 17,330, down 9.41% during live trading as inflation and interest-rate concerns pressure technology shares.

• September U.S. CPI exceeded expectations, reviving concerns about higher interest rates; Reuters reported the inflation-and-rates shock reignited selling in AI and technology stocks.
• The software sector was down 3.03%, adding pressure.
• No clear company-specific catalyst was identified for Snowflake’s October 15 decline.