# Nasdaq Drops on Inflation Data

> Hot inflation data sparks rate-hike fears as Nasdaq falls sharply.
- Title: Nasdaq Drops on Inflation Data · mint | Shortify
- Summary: Hot inflation data sparks rate-hike fears as Nasdaq falls sharply. Hotter-than-expected US inflation data sent Nasdaq down 1.85% to 26,701.48 as investors…
- Keywords: nasdaq, inflation, federal reserve, interest rates, stock market, us stocks, oracle, coreweave, nebius, dell, hewlett packard enterprise, s&p 500
- Source: mint — https://livemint.com/market/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike-worries-11792008137187.html
- Published: 2026-10-14T20:02:16+00:00
- Read time: 1 min
- Topics: nasdaq, inflation, federal reserve, interest rates, stock market, us stocks, oracle, coreweave, nebius, dell, hewlett packard enterprise, s&p 500
## Inflation data
Hotter-than-expected US inflation data sent Nasdaq to a sharply lower close on Wednesday.
## AI stocks fall
Oracle, CoreWeave and Nebius tumbled as investors worried about higher borrowing costs.
## Semiconductor index drops
Philadelphia SE Semiconductor index fell for a sixth straight session, its longest losing streak since May 2025.
## Market reaction
S&P 500 lost 83.96 points to end at 7,721.49 while Nasdaq Composite lost 502.90 points to 26,701.48.
## Fed rate hike concerns
Investors price in 37% chance of Fed rate hike this month, up from 22% on Tuesday.
## Market impact
Bank of America fell after setting aside $1.2 billion for regulatory fines related to money laundering.
## Key takeaway

Hotter-than-expected US inflation data sent Nasdaq down 1.85% to 26,701.48 as investors worry about further Fed rate hikes.