# Inflation report drops tech stocks

> Hot inflation data slumps tech stocks as S&P 500 and Nasdaq fall.
- Title: Inflation report drops tech stocks · Newsbeep | Shortify
- Summary: 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…
- Keywords: inflation, s&p 500, nasdaq, tech stocks, consumer prices, stock market, news, world, report, drops, tech, stocks
- Source: Newsbeep — https://newsbeep.com/us/882268
- Read time: 1 min
- Topics: inflation, s&p 500, nasdaq, tech stocks, consumer prices, stock market, news, world
## 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.
## Key takeaway

US inflation rose to 3.7% in September, pushing tech stocks lower and dropping the S&P 500 and Nasdaq.