XLC is trading at $110.57, down 1.52%, amid broader pressure on rate-sensitive growth stocks after hotter-than-expected September CPI lifted Treasury yields and bets on a possible October Fed rate hike.
- Reuters reported that inflation concerns weighed on U.S. stocks, with technology shares among the decliners; the pressure appears broad-based rather than tied to a clear XLC-specific catalyst.
- XLC closed at $112.28 on October 13.