Stock Market Today: Inflation Report Sends Tech Sector Down, S&P 500, Nasdaq Lower
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Stock Market Today: Inflation Report Sends Tech Sector Down, S&P 500, Nasdaq Lower

By adminvoxa
October 14, 2026 5 Min Read
Comments Off on Stock Market Today: Inflation Report Sends Tech Sector Down, S&P 500, Nasdaq Lower

Stocks fell Wednesday as investors digested higher-than-expected inflation data and bank profits continued to flow.

The Dow Jones Industrial Average (^DJI) hovered near the flat line while the S&P 500 (^GSPC) fell 0.8%. The Nasdaq Composite (^IXIC) fell 1% after stocks fell Tuesday.

The September consumer price index (CPI) rose 3.7% year-on-year, compared to 3.6% expected by economists. Rising gas and energy prices have led to higher inflation, reducing the chances that the Federal Reserve will keep rates steady at its next policy meeting.

26,881.62 -322.76 (-1.19%)

At 11:33:17 a.m. EDT. Open market.

^IXIC ^DJI ^GSPC

Semiconductor stocks continued to sell off after the KOSPI Index (^KS11) fell 12% over the past five days. Chip equipment maker ASML (ASML) reported record third-quarter revenue on Wednesday and raised its full-year outlook amid strong demand for AI. Investors await Thursday’s Taiwan Semiconductor (TSM) results for further confirmation of the AI ​​boom.

Elsewhere, the financial company earnings parade continued with results from Bank of America (BAC) and Morgan Stanley (MS). Bank of America shares fell as much as 9% as a $1.2 billion regulatory penalty and a slowdown in its Wall Street machine cut into loan revenue. Meanwhile, shares of BlackRock (BLK) rose after third-quarter earnings beat analysts’ expectations. The reports follow several investment bank earnings reports released Tuesday indicating, among other signals, that consumers are resilient despite rising interest rates.

Brent crude futures (BZ=F), the global benchmark, remained above $105 a barrel as the Houthis continued to bomb Saudi energy facilities.

LIVE 8 updates

  • Bond yields remain high after higher-than-expected inflation data

    Bond yields remained elevated mid-morning following the earlier release of higher-than-expected inflation data for September.

    The 10-year Treasury yield (^TNX) was up 6 basis points at 5.27% as of 11:18 a.m. ET. The 30-year Treasury yield (^TYX) rose 2 basis points to 5.58%.

  • Netflix stock loses gains after job cuts announced and FIFA deal

    Netflix (NFLX) stock lost its first gains on Wednesday, following a Wall Street Journal report that the streaming giant was cutting about 6% of its workforce.

    The cuts are expected to include product, technology, legal and human resources, according to an email from co-CEOs Greg Peters and Ted Sarandos, cited by Bloomberg.

    On Tuesday, the streaming giant announced that it had secured exclusive rights in Spain and Andorra to the 203 FIFA World Cup, streaming all 104 football matches live on Netflix.

    Netflix stock has been a laggard this year, falling 25% since the start of 2026. The company, which had made a bid for Warner Bros (WBD), withdrew its bid after Paramount’s Skydance (SKYD) offered the media giant more money.

  • Stocks mixed after hot inflation data

    The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) fell after higher-than-expected September inflation data.

    The Dow Jones Industrial Average (^DJI) rose 0.2% while technology stocks declined as the 10-year Treasury yield rose after prices rose 3.7% on an annualized basis in September, higher than the 3.6% economists expected.

    51,663.95 -6:15 a.m. (-0.01%)

    At 11:33:16 a.m. EDT. Open market.

    ^DJI ^IXIC ^GSPC

  • Consumer price index higher than expected for September

    The consumer price index (CPI) for September stood at 3.7% against 3.6% expected by economists.

    Month-over-month prices rose 0.6%, in line with expectations. The core CPI, which does not take into account food and energy costs, rose 2.6% from estimates of 2.5%.

    Economists predicted that rising gas and energy prices would lead to higher inflation in September. Higher-than-expected inflation figures could put a Fed rate hike in play in October, experts warn.

    About 78% of investors expect the Fed to keep rates steady at its next meeting, according to CME FedWatch.

  • Bank of America’s third-quarter profit falls 17% on lower transactions and trading revenue

    David Hollerith of Yahoo Finance reports:

    Bank of America said Wednesday that its third-quarter profit fell 17% from a year earlier as a $1.2 billion regulatory penalty and a slowdown in its Wall Street machine dampened its growth in loan revenue.

    Bank of America (BAC) stock fell more than 3% in premarket trading.

    The country’s second-largest bank reported third-quarter net income of $6.93 billion, or $0.91 per share, compared with analysts’ expectations of $1.10 per share. “Excluding regulatory penalties, Bank of America said it earned $8.1 billion, or $1.08 per share, with adjusted earnings per share up 4% from a year earlier.

    Revenue rose 3% to $30 billion, compared with expectations of around $30.6 billion.

    Learn more here.

  • Apple’s new hardware strategy capitalizes on trust, just in time for the AI ​​era

    Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief newsletter:

    Apple has just received a new range. On Tuesday, the company unveiled several new smart home devices, including the HomeView Hub, HomePod Mini 2, and Apple TV 4K.

    The company’s new developments constitute an obvious pivot in its business strategy. Not only is Apple dabbling in smart home products again after the failure of its HomePod, but Apple and its accelerated hardware releases show new CEO John Ternus’ ambitious strategy as a company meeting the AI ​​era head-on.

    Tim Cook was Mr. Services, massively expanding this business. But Ternus says clearly: why not both?

    Finally, it seems Apple has found a new way to take its “walled garden” design philosophy – a closed, safe ecosystem that fosters trust, its iconic design language and curated partners – and apply it to the home, literally putting its customers inside.

    Learn more.

  • Good morning. Here’s what’s happening today.

    Economic data: MBA mortgage applications, week ended October 9 (-4.2% previously); CPI, month on month, September (+0.6% expected, +0.4% previously); Core CPI, month-on-month, September (+0.2% expected, +0.3% previously); CPI, year-on-year, September (+3.6% expected, +3.4% previously); Core CPI, year-on-year, September (+2.5% expected, +2.4% previously); Real average weekly salary, over one year, September (+0.4% previously); Real average hourly wage, over one year, September (-0.3% previously); The Fed publishes its beige book

    Earnings schedule: ASML (ASML), Bank of America (BAC), Morgan Stanley (MS), BlackRock (BLK), The Progressive Corporation (PGR), Fastenal Company (FAST), State Street Corporation (STT)

    Catch up on some news you may have missed overnight:

    Boston Fed’s Collins wants to raise rates again this year

    “The Baby Boomers Are Here”: How Americans Over 75 Became Wealthier Than Other Age Groups

    China’s September exports beat forecasts and imports accelerate

    Why AI Could End Price as We Know It

  • Gold stable as Fed official’s remarks temper rate hike bets

    Bloomberg reports:

    Gold maintained a two-day decline after a Federal Reserve official signaled that another interest rate hike may be needed this year but further tightening will not be needed in 2027, improving sentiment toward the precious metal.

    Bullion was trading near $4,155 an ounce, after falling 0.8% in the previous two sessions. Oil rose as renewed attacks in the Middle East threatened further energy disruptions that could weigh on inflation and justify higher borrowing costs. Brent crude was above $106 a barrel.

    New York Fed President John Williams said he sees another interest rate hike this year as appropriate. U.S. Treasury yields fell slightly after his remarks, supporting gold, which generally fares better in a low-rate environment because it doesn’t pay interest.

    Learn more.

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