NY Stocks Fall on Inflation Shock and Weak semiconductors... Nasdaq Down 1.9%
4 Articles
4 Articles
Major New York stock indices fell across the board as inflation concerns intensified following U.S. September consumer prices exceeding expectations. The possibility of interest rate hikes and the debt burden of AI companies led to a sell-off in technology stocks, while financial stocks such as Bank of America and semiconductor stocks also recorded weakness.
(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 14th (local time), the New York stock market [market] saw inflation concerns... following the higher-than-expected U.S. September Consumer Price Index (CPI) growth rate.
On the 14th (local time), U.S. stock markets closed lower overall as large technology and semiconductor stocks showed weakness. The Dow Jones Index fell 48.62 points (0.09%) from the previous day to 51,621.48, while the S&P 500 Index dropped 86.51 points (1.11%) to 7,718.94. The Nasdaq Composite Index fell 511.51 points (1.88%) to 26,692.87, and the Nasdaq 100 Index also declined 618.67 points (2.02%) to 29,950.82. The decline in the semiconduct…
As the U.S. September Consumer Price Index (CPI) exceeded expectations, inflation concerns intensified, and on the 14th (local time), the three major [companies] of the New York stock market
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