Stock market today: Dow gains, S&P 500, and Nasdaq decline on hot inflation data
U.S. stocks wobbled and major indices diverged as investors digested a hotter-than-expected inflation report and the third-quarter earnings season kicked off. The Dow Jones posted a minor gain or held near flat levels, while the S&P 500 and Nasdaq dropped amid a broader tech sell-off and rising Treasury yields. Chipmakers extended losses for an eighth straight trading session. Market participants also monitored corporate earnings from major banks, alongside macroeconomic indicators including consumer price index data.
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- ✓ The S&P 500 slid 0.82 percent to 7,741 and the Nasdaq lost 1.14 percent to 26,894 following the release of consumer price index data.
- ✓ Hotter-than-expected inflation data triggered a tech sell-off and sent Treasury yields higher.
- ✓ Chipmakers declined for an eighth straight trading session while money flowed into bonds.
What changed
Stock indices diverged following a hot inflation report, with the Dow moving independently from declining S&P 500 and Nasdaq shares.
Live updates
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Dow Gains While S&P 500 and Nasdaq Decline on Hot Inflation
U.S. stocks wobbled and major indices diverged as investors digested a hotter-than-expected inflation report and the third-quarter earnings season kicked off. The Dow Jones posted a minor gain or held near flat levels, while the S&P 500 and Nasdaq dropped amid a broader tech sell-off and rising Treasury yields. Chipmakers extended losses for an eighth straight trading session. Market participants also monitored corporate earnings from major banks, alongside macroeconomic indicators including consumer price index data.
Why it matters
The session unfolded as market participants assessed inflationary pressures driven by soaring energy prices. These economic conditions prompted capital reallocation into other market sectors, including bonds, while artificial intelligence-related equities experienced pullbacks. The reports arrived alongside ongoing corporate updates from the banking sector.
What is confirmed
- The S&P 500 slid 0.82 percent to 7,741 and the Nasdaq lost 1.14 percent to 26,894 following the release of consumer price index data.
- Hotter-than-expected inflation data triggered a tech sell-off and sent Treasury yields higher.
- Chipmakers declined for an eighth straight trading session while money flowed into bonds.
Still unconfirmed
- Oil prices rebounded as an energy ceasefire unraveled.
What to watch next
- Upcoming corporate earnings reports from major banks
- Further data on ASML earnings and inflation metrics
confidence 90%Sources used for this update (15)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- www.investors.com — Stock Market Data: See Prices For S&P 500, Nasdaq, Dow Jones, SPDR ETFs
- Investor's Business Daily — Tech Futures Rise: Meta, AMD Lead 5 Buys; ASML, CPI Inflation Due
- Investing.com — CPI ahead; more banks to report; ASML earnings - what’s moving markets
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures edge higher ahead of CPI inflation data, earnings
- WSJ — Stock Market Today: Investors Await Inflation Report, Bank Earnings — Live Updates
- CNBC — Inflation data, Bank of America's penalty, Apple's new home hub and more in Morning Squawk
- finance.yahoo.com — Stock market today: Hot inflation report drops tech, drives S ...
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
- finance.yahoo.com — Dow, S&P 500, Nasdaq Decline Amid Hot Inflation Data, AI ...
- www.iberkshires.com — @theMarket: Inflation Jumps, Stocks Dump
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