# Dow Rises 533 Points as Tech Sell-Off and Inflation Data Shape Markets

> Dow climbs 533 points amid tech sell-off and hot inflation data.
- Title: Dow Rises 533 Points as Tech Sell-Off and Inflation Data…
- Summary: Dow climbs 533 points amid tech sell-off and hot inflation data. Dow Jones Industrial Average rose 533 points (1%) on Thursday as investors shifted from tech…
- Keywords: dow jones, tech sell-off, inflation data, producer prices, stock market, ai stocks, semiconductor stocks, walmart, merck, nike, peter, nvidia
- Source: CNBC — https://cnbc.com/2026/10/14/stock-market-today-live-updates.html
- Author: Sean Conlon,Hugh Leask,Lee Ying Shan,Fred Imbert
- Published: 2026-10-14T22:02:18+00:00
- Read time: 3 min
- Topics: dow jones, tech sell-off, inflation data, producer prices, stock market, ai stocks, semiconductor stocks, walmart, merck, nike, peter, nvidia
## Dow climbs 533 points
The Dow Jones Industrial Average rose 533 points, or 1%, on Thursday as concerns around tech companies overspending on artificial intelligence led investors to rotate out of the trade and seek value elsewhere.
## Tech stocks dip
The tech-heavy Nasdaq Composite dropped 0.1% while the S&P 500 rose 0.3% as investors digested U.S. data pointing to persistent inflation.
## Memory chip concerns
Seagate Technology and Western Digital added to their declines this week, along with shares of Sk Hynix, which drove a rout in South Korea's Kospi index overnight.
## AI market worries
Sources told CNBC that Anthropic's revenue grew to $16.8 billion in the third quarter, with some traders concerned the AI giant's top line might not be growing fast enough to justify the lofty gains in…
## CoreWeave rebounds
CoreWeave shares gained 3%, reversing course from the prior day's losses as investors grew fearful the company was borrowing too much for its AI build-out.
## Treasurys yield 5%
When Treasurys are yielding 5% and that's the highest since the early 2000s, investors are going to start weighing that versus taking a huge bet on AI.
## Retail gains
Shares of retailer Walmart climbed 2%, while pharmaceutical giant Merck rose almost 2% and Nike shares jumped more than 5%.
## PPI data shows hot inflation
The September reading on producer prices recorded an increase of 1.3% on the month and 6.3% year over year, the biggest monthly and yearly gains since 2022.
## Fed rate hike fears
Concerns that the Federal Reserve could tighten monetary policy more aggressively before year-end weighed on equities Wednesday after new data showed consumer prices in September rose faster than expected on a year-over-year basis.
## Chip stocks slide
The iShares Semiconductor ETF (SOXX) is lower for an eighth straight trading day, its first eight-day slide since September 2015; it fell for nine sessions in May 2006.
## S&P breadth improves
More than half of S&P 500 constituents are trading above their 200-day moving averages, a notable improvement from late September when that figure was around 40%.
## Baird upgrades Bank of America
Wall Street firm Baird upgraded Bank of America to outperform from neutral Thursday, while maintaining its $62 price target, implying a 21% upside from its Wednesday close of $51.
## Anthropic revenue growth
Sources told CNBC that Anthropic's revenue grew to $16.8 billion in the third quarter, up from its second-quarter revenue of $11.6 billion.
## Crocs shares rise
Crocs shares spiked almost 6% on Thursday after Barclays upgraded the stock to overweight from equal weight, citing greater visibility into the company's multiyear growth story.
## Small-cap stocks fall
The Russell 2000, which tracks the performance of small-cap stocks, fell into correction territory on Wednesday, ending the day down 11% from an Aug. 14 record close.
## S&P 500 opens lower
The S&P 500 and Nasdaq Composite began Thursday's session in negative territory, with the S&P 500 losing 0.5% and the Nasdaq declining 1.3%.
## Key takeaway

Dow Jones Industrial Average rose 533 points (1%) on Thursday as investors shifted from tech stocks to value, while U.S. producer prices rose 6.3% year-over-year in September.