🔴 IBM.TO ETF (IBM.TO) is trading 3.1% down today after hotter wholesale inflation

IBM.TO is trading at CA$34.27, down 3.08%, as hotter wholesale inflation heightens concerns the Federal Reserve may delay easing.

• August wholesale inflation rose 5.4% year over year, while geopolitical tensions pushed Brent crude above US$100, adding inflation and risk-premium pressure.
• Major U.S. indexes fell roughly 0.6%–0.7% as technology and semiconductor shares weakened.
• IBM’s quantum-computing Gordon Bell Prize finalist announcement on September 9 was positive company-specific news, but broader macroeconomic pressure dominated the ETF’s September 10 move.