Nasdaq falls sharply after hot September inflation report
In short
US stocks fell, and the Nasdaq ended sharply lower after September inflation came in hotter than expected. Gasoline costs and other prices pushed the report higher.
Investors worried the Fed could raise interest rates. AI-linked stocks such as Oracle and CoreWeave dropped too, while Bank of America said profits fell because of regulatory costs.
What the reporting says
US stocks saw the Nasdaq close sharply lower after September inflation data showed an unexpected rise, driven by higher gasoline costs and broader price pressures. The report fueled worries about possible interest-rate hikes, and major AI-related stocks including Oracle and CoreWeave also fell. Bank of America separately reported lower profits due to regulatory costs. The reporting does not give the exact Nasdaq point move.
Why it matters
The Nasdaq closed sharply lower after September US inflation came in unexpectedly high, with gasoline and broader price pressures cited in the report. That pushed rate-hike worries higher and hurt major AI-related names such as Oracle and CoreWeave. Bank of America also reported weaker profits because of regulatory costs. The source does not provide the exact index move or say how long the selling pressure will last.