From Newsbeep · · 30s
Inflation report drops tech stocks
Hot inflation data slumps tech stocks as S&P 500 and Nasdaq fall.
In brief
Hot inflation data slumps tech stocks as S&P 500 and Nasdaq fall. US inflation rose to 3.7% in September, pushing tech stocks lower and dropping the S&P 500 and Nasdaq. Originally reported by Newsbeep.
Inflation report
US consumer prices rose to 3.7% in September as gas prices surged.
Stocks react
Tech stocks dropped as S&P 500 and Nasdaq fell sharply.
Market impact
Hot inflation data pushes markets lower, raising Fed concerns.
The main idea
US inflation rose to 3.7% in September, pushing tech stocks lower and dropping the S&P 500 and Nasdaq.
