ForexMediumUpdated•Originally published 15 October 2026•Updated 15 October 2026•
1 min read
Nasdaq Drops 1.24% at Open Following Stronger-Than-Expected PPI Data
Key Facts
1The U.S. dollar traded lower against most major currencies as Treasury yields retreated, with the Swiss franc leading gains.
2The Australian dollar was the exception, falling 0.79% following a weaker-than-expected September employment report showing a loss of 39,300 jobs.
3Nasdaq futures remain under pressure despite lower yields, following sharp declines in the previous trading session.
The Nasdaq Composite fell 1.24% at the opening of trading on Thursday, October 15, 2026. The decline was driven by stronger-than-expected producer price data and growing concerns regarding capital expenditure on artificial intelligence.
The retreat in tech stocks occurred alongside a broader decline in the U.S. dollar against major currencies, while index futures remained under pressure. In related equity movements, NDAQ was trading at $91.96 (close October 14, 2026), having established a session range between $91.73 and $94.24.