S&P 500 and Nasdaq fall as U.S. inflation hits 3.7%
In short
The S&P 500 fell 0.4% and the Nasdaq Composite dropped 0.7% after September U.S. inflation was reported at 3.7%. The Dow rose 0.2%.
The market move matters because investors were also watching ASML’s outlook and Bank of America’s 17% fall in third-quarter profit. It is not stated what the inflation reading will mean next.
What the reporting says
The S&P 500 fell 0.4% and the Nasdaq Composite dropped 0.7% after September U.S. inflation came in at 3.7%. The Dow gained 0.2%, while investors also watched ASML’s earnings outlook and Bank of America’s 17% drop in third-quarter profit. The reporting does not say whether the inflation print changed policy expectations.
Why it matters
The S&P 500 and Nasdaq fell after September U.S. inflation was reported at 3.7%, while the Dow edged up 0.2%. Investors also tracked ASML’s earnings outlook and Bank of America’s 17% decline in third-quarter profit. The immediate market reaction was negative for growth stocks, but the source does not state any policy response, rate outlook, or longer-term impact.