Ciena, Dell and CoreWeave Fall 10% or More
The stocks fell at least 10% amid worsening sentiment after U.S. CPI rose 0.6% month over month and 3.7% over 12 months. Gasoline prices increased 9.1% month over month.
Sentiment deteriorated in mid-week trading after the Bureau of Labor Statistics released inflation data. The U.S. Consumer Price Index rose 0.6% M/M last month, with gasoline prices leading the increase at 9.1% M/M. Over the last 12 months, the CPI was up 3.7%.