🔴 Large Growth ETF (TESL) is trading 3.9% down as hotter-than-expected CPI revives rate concerns

TESL is trading at $13.38, down 3.92%, as hotter-than-expected September CPI revived concerns about higher-for-longer rates.

• September CPI accelerated to 3.7% year over year, above the 3.6% forecast; core CPI also exceeded expectations.
• September retail sales rose 0.8% month over month, signaling resilient spending, but did not offset inflation-driven sector pressure.
• Broader markets were mixed, with technology and consumer discretionary stocks among the decliners.