EL7.AI
StocksMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read

Nasdaq Drops 1.8% as September US Inflation Exceeds Forecasts

Key Facts

1The Nasdaq Composite dropped 1.85% to close at 26,701.48 following hotter-than-expected inflation data.
2The US consumer price index rose 0.6% month-on-month in September, with annual inflation accelerating to 3.7%.
3The S&P 500 fell 1.08% while the Dow Jones Industrial Average declined slightly by 0.09%.

The Nasdaq Composite dropped 1.85% to close at 26,701.48 following hotter-than-expected US inflation data. Invezz reported that the US consumer price index rose 0.6% month-on-month in September, bringing the annual inflation rate to 3.7%. Technology stocks led a market-wide sell-off as annual inflation exceeded the 3.6% forecast, increasing pressure on rate-sensitive sectors.

The S&P 500 fell 1.08% while the Dow Jones Industrial Average declined slightly by 0.09% according to Invezz. These price pressures emerge as traders price in a higher probability of interest rate hikes by the Federal Reserve under Chair Kevin Warsh. The inflation miss specifically impacted valuations within AI infrastructure spending and high-growth technology sectors.

Latest Updates · 1

  1. Notable·

    Update: The sell-off extended to small-cap stocks as the Russell 2000 index lost 1.93%. AI and semiconductor stocks saw sharp declines, including a 15.46% drop in CoreWeave and a 10.08% fall in Nebius during trading on October 14, 2026.