Tech Sell-Off Rolls on as Hot Inflation Data Stokes Rate Worries

Tech sell-off rolls on as hot inflation data stokes rate worries

LONDON — Asian stocks plunged and the sell-off in tech stocks continued on Wall Street on Thursday as investors worried that forecast-topping U.S. inflation data would force the Federal Reserve to raise interest rates again. "A glance across major U.S. equities this morning shows that the tech sell-off is still in progress," said market analyst David Morrison at Trade Nation. "Once again, chip stocks are in the forefront of the current round of …

Inflation data stirs rate-hike worries

Hotter-than-expected inflation data sent the Nasdaq to a sharply lower close on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs.

Nasdaq ends sharply lower as hot inflation data stirs rate hike worries

Eight of the 11 S&P 500 sector indices decline, led by information tech and communication services Read more at The Business Times.

Nasdaq Ends Sharply Lower on Hot Inflation Data

Nasdaq Tumbles as AI Fears Overshadow Inflation Data

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Palantir Ticks Lower as Inflation Jolt Hits Tech, While Legal and Defence Updates Land

Palantir’s shares came under pressure on Wednesday as hotter-than-expected US inflation data pushed Treasury yields higher and revived rate worries across markets. The move fed through to the Nasdaq, which came under noticeable selling pressure, and hit interest-rate-sensitive artificial intelligence names in particular. Palantir finished the session down 3.4% at EUR 180.06, or 2.7% lower […]