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S&P 500 futures slide as tech shares drop a second day, wholesale inflation reading jumps: Live updates

Stock market futures dropped as a hotter-than-expected wholesale inflation reading of 6.3 percent drove a global sell-off in technology shares. S&P 500 and Nasdaq futures slid alongside major Asian markets, including South Korea's Kospi index dropping 7 percent and SK Hynix shares plunging 10 percent. The downturn follows a losing session driven by hotter-than-expected US inflation data and deepening anxiety over artificial intelligence funding and Federal Reserve rate hikes. Investors digested the inflation data while the third-quarter earnings season got underway.

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⚡ Key Developments & Real-Time Context
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  • ✓ US wholesale inflation jumped to 6.3 percent.
  • ✓ S&P 500 and Nasdaq futures slid as a global tech sell-off deepened.
  • ✓ South Korea's Kospi tumbled 7 percent and SK Hynix shares plunged 10 percent.
🛡️ Source Corroboration: 7 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

US wholesale inflation jumped to 6.3 percent, intensifying a global technology sell-off and pushing stock futures down for a second day.

Live updates

  1. S&P 500 Futures Slide Amid Tech Sell-Off and Inflation Spike

    Stock market futures dropped as a hotter-than-expected wholesale inflation reading of 6.3 percent drove a global sell-off in technology shares. S&P 500 and Nasdaq futures slid alongside major Asian markets, including South Korea's Kospi index dropping 7 percent and SK Hynix shares plunging 10 percent. The downturn follows a losing session driven by hotter-than-expected US inflation data and deepening anxiety over artificial intelligence funding and Federal Reserve rate hikes. Investors digested the inflation data while the third-quarter earnings season got underway.

    Why it matters

    The recent market retreat reflects growing investor anxiety regarding monetary policy and elevated artificial intelligence sector valuations. Federal Reserve interest rate hike fears continue to pressure equities globally following the hot inflation figures. Markets remain volatile as participants weigh economic data against corporate earnings reports.

    What is confirmed

    • US wholesale inflation jumped to 6.3 percent.
    • S&P 500 and Nasdaq futures slid as a global tech sell-off deepened.
    • South Korea's Kospi tumbled 7 percent and SK Hynix shares plunged 10 percent.

    Still unconfirmed

    • TSMC reported a record profit on strong artificial intelligence chip demand.

    What to watch next

    • More US economic data releases
    • Further movements in Asian and global technology shares
    • Additional third-quarter corporate earnings reports
    Sources used for this update (10)
    1. finance.yahoo.com — Stock market today: Hot inflation report drops tech, drives S ...
    2. www.cnbc.com — Stock market today: Live updates - CNBC
    3. Financial Times — Global tech sell-off deepens as Asian markets tumble
    4. CNBC — S&P 500 futures fall ahead of more U.S. economic data; South Korea's Kospi slides 7%: Live updates
    5. CNBC — SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount
    6. CNN — Global tech selloff deepens as enthusiasm for AI stocks wobbles
    7. Yahoo Finance — Stock market today: S&P 500, Nasdaq futures slip as semiconductor sell-off continues
    8. www.cnbc.com — Stock market today: Live updates - CNBC
    9. www.analyticsinsight.net — Stock Market Today: S&P 500, Nasdaq Futures Slide as US Wholesale Inflation Jumps to 6.3%
    10. finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures mixed amid ...
    confidence 90%
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