# NASDAQ 100 Reacts to Cooler Inflation Data

> Core PCE cools as Nasdaq 100 stays in consolidation.
- Title: NASDAQ 100 Reacts to Cooler Inflation Data · InvestingCube
- Summary: Core PCE cools as Nasdaq 100 stays in consolidation. The Nasdaq 100 index remains within consolidation after cooler Core PCE inflation data and stronger GDP…
- Keywords: nasdaq 100, core pce, gdp, us 10-year treasury yield, nasdaq futures, fed rate hikes, ai stocks, tech stocks, business, finance, NASDAQ, 100
- Source: InvestingCube — https://investingcube.com/indices/nasdaq-100-core-pce-gdp-reaction
- Author: Eno Eteng (DipTA, MSTA)
- Published: 2026-09-30T15:12:04+00:00
- Read time: 1 min
- Topics: nasdaq 100, core pce, gdp, us 10-year treasury yield, nasdaq futures, fed rate hikes, ai stocks, tech stocks, business, finance
## Core PCE cools
The Core PCE Price Index rose 0.2% month-on-month versus 0.3% expected.

> August Core PCE Price Index rose 0.2% month-on-month versus 0.3% expected
## GDP growth stronger
The US economy grew 2.2% year-on-year versus 1.5% consensus.

> The final US Q2 GDP reading showed the US economy grew 2.2% YoY
## US10Y yield choppy
The US 10-year Treasury yield hit 5.293% intraday before falling to 5.22%.

> The 10-year Treasury yield hit 5.293% intraday
## Nasdaq 100 consolidation
The Nasdaq 100 index remains within 30175 to 30682 with a bullish bias.

> Even though the Nasdaq 100 has responded positively to today’s US data, it has not seen a major upside move and still remains in the consolidation band between 30175 and 30682
## US10Y yield constrains tech stocks
Higher US10Y yields reduce present value of tech stocks’ future earnings.

> A higher 10-year yield translates to higher discount rates, which reduce the present value of these stocks’ future earnings
## Nasdaq 100 trading scenarios
Bullish: US10Y yield drops below 5.20% for break above 30682.

> Bullish: US10Y yield drops below 5.20%: This would signal market satisfaction that the cooler PCE data proves inflation is cooling sufficiently
## Key takeaway

The Nasdaq 100 index remains within consolidation after cooler Core PCE inflation data and stronger GDP growth.