10-year Treasury yield jumps as September core inflation comes in hotter than expected
Traders priced in higher odds of a Federal Reserve hike as the hotter-than-expected inflation report pushed borrowing costs higher and weighed on technology shares.
- On Wednesday, the Nasdaq dropped 1 percent to 26,934.74 and the S&P 500 declined 0.8 percent to 7,746.29 following negative market reaction to inflation data.
- U.S. consumer costs rose 3.7% last month versus a year earlier, accelerating from 3.4% in August and exceeding the 3.6% economists expected. The 10-year Treasury yield jumped to 5.23%.
- Traders now see a 39% chance the Federal Reserve will raise rates at its next meeting in two weeks, up from 22% probability a day earlier, according to CME Group data.
- Bank of America fell 6.3% after reporting weaker third-quarter profit and revenue, compounded by a $1.2 billion U.S. Treasury Department fine. BlackRock rose 0.5% on stronger earnings.
- Despite inflation concerns, Vanguard Senior Economist Adam Schickling said inflation should slow as Americans become more price-sensitive, though "patience will be required." Signals suggest the U.S. economy is still growing.
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234 Articles
Global Semiconductor Chip Stocks Tumble Over AI Costs
Last Updated on October 18, 2026 by Jeff Tomas BANGKOK – Trading desks around the world flashed bright red today as semiconductor shares suffered a sharp, coordinated sell-off across Asia, Europe, and Wall Street. Investors rushed to dump hardware giants amid growing anxiety over massive artificial intelligence spending and intense competition from Chinese chipmakers. The […] <p>The post Global Semiconductor Chip Stocks Tumble Over AI Costs firs…
Concerns about investments in artificial intelligence are turning investors en masse to government bonds The post Big Tech: The worst week since the start of Trump tariffs appeared first on in.gr.
Global markets have had a volatile week, marked by US inflation, tensions in the Middle East, and selling pressure on AI stocks. This week, attention is focused on the Central Bank's interest rate decision domestically and on the earnings reports of major technology companies internationally.
Tech stocks drag Nasdaq 2% lower; sheds over 4% for the week (MU:NASDAQ)
primeimages The Nasdaq Composite Index (COMP:IND) plunged 2.14% on Friday as technology stocks came under pressure. Traders wrapped a mostly losing week amid a pullback in artificial intelligence-related stocks, with memory chip stocks among the hardest-hit segments as investors reassessed the sector’s Source: Business Insider
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