topstockalerts
Oct 15, 1:08 AM
U.S. stock futures fell Wednesday night as investors assessed the risk of further Fed tightening after hotter-than-expected inflation. S&P 500 futures dropped 0.3% to 7,747.50, Nasdaq 100 futures fell 0.8% to 29,943, while Dow futures were flat at 51,866.
Wall Street saw a broad sell-off, with the Nasdaq Composite down 1.9%, the S&P 500 losing 1.1% and the Dow slipping 0.1%. September CPI rose 3.7% year over year, above the 3.6% forecast, while core CPI increased 2.6% versus expectations of 2.5%. Monthly core inflation rose 0.3%, exceeding the 0.2% estimate, as gasoline prices surged 9.1%.
The data increased expectations of another Fed rate hike at its October 27–28 meeting, following September’s move to 3.75%–4.00%. Rising Treasury yields and financing costs pressured technology and AI stocks, with CoreWeave plunging 16%, Nebius falling 11%, Dell dropping 11% and Oracle losing 9%.
$CRWV $NBIS $ORCL $D $SPX
