Nasdaq 100 Drops 1% on Hot CPI, SOXX Falls 7th Day: Stock Market Today
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
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The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
Three sectors are higher and eight are lower in Wednesday's regular session, with defensive sectors holding the top three positions. The leaders are separated rather than clustered, with no single sector pulling away from the group.
Ray Dalio warns US debt faces a 'death spiral' as Treasury supply overwhelms demand, spiking bond yields despite $6B in government buybacks.