🔴 Xanadu Quantum Technologies is trading 5% down today as hotter-than-expected U.S. inflation pressures growth stocks

Xanadu Quantum Technologies is trading 5% down at $3.21 as hotter-than-expected U.S. inflation pressured technology and growth stocks.

• September headline CPI rose 3.7% year over year versus 3.6% expected; core CPI reached 2.6% versus 2.5% expected.
• Reuters reported rising Treasury yields and falling Wall Street stocks as investors reassessed interest-rate expectations.
• No clear company-specific announcement explaining the October 14 decline surfaced in the search.