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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8 Of 11 Sectors Fall Wednesday As Defensives Lead
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.
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