🔴 HOOD is trading 4% down, giving back gains from venture fund news amid hot CPI data

HOOD is trading at $77.37 (-4.22%), reversing yesterday's 4.87% surge that followed reports of the company filing for a second retail venture fund.

• The reversal is amplified by a broader market selloff after April's CPI data came in hotter than expected at 3.8% annually.
• The decline also tracks weakness in cryptocurrencies, with BTC down roughly 1.12% and ETH falling over 2.3%.
• The pullback follows a significant positive catalyst, suggesting profit-taking combined with negative macro sentiment is driving the move.