Eaton is trading 4.3% down at $410.05 after hotter-than-expected September inflation added pressure to U.S. equities.

  • Headline CPI rose 3.7% year over year, above the 3.6% forecast; core CPI rose 2.6%, above the 2.5% estimate.
  • The S&P 500 and Nasdaq were lower. Reuters reported U.S. stocks were headed lower as rate-hike bets increased.
  • Available reporting showed no clear Eaton-specific catalyst.