# S&P 500 Falls Despite Softer Inflation Data

> S&P 500 drops 0.25% as September ends with mixed market signals.
- Title: S&P 500 Falls Despite Softer Inflation Data · CNBC | Shortify
- Summary: S&P 500 drops 0.25% as September ends with mixed market signals. S&P 500 closed down 0.25% at 7,651.54 after softer-than-expected inflation data, with the…
- Keywords: s&p 500, inflation, dow jones, nasdaq, treasury yields, fed rate hike, core pce, adp jobs, boeing, muse ai, business, finance
- Source: CNBC — https://cnbc.com/2026/09/29/stock-market-today-live-updates.html
- Author: Liz Napolitano,Hugh Leask,Justina Lee,Fred Imbert
- Published: 2026-09-29T22:04:52+00:00
- Read time: 2 min
- Topics: s&p 500, inflation, dow jones, nasdaq, treasury yields, fed rate hike, core pce, adp jobs, boeing, muse ai, business, finance
## S&P 500 slides Wednesday
The S&P 500 dropped 0.25% to close at 7,651.54, erasing earlier gains from the session.
## Dow Jones falls 0.86%
The Dow Jones Industrial Average fell 0.86% to 50,906.05, losing 443.87 points in the session.
## Nasdaq rises 0.24%
The Nasdaq Composite advanced 0.24% to end at 26,861.06, outperforming the S&P 500 in September.
## August inflation data
Personal consumption expenditures price index for August rose 3.4% annually, down from 3.7% in July.
## Core PCE data
Core PCE, excluding food and energy, rose 3% annually, below economists' forecast of 3.3%.
## Treasury yields rise
The 10-year Treasury yield rose 4 basis points to 5.298%, surpassing 5.3% during the session.
## Rob Haworth on market
Rob Haworth, senior investment strategy director at U.S. Bank Asset Management Group, said inflation expectations aren't blowing out, but growth numbers are driving trader focus.
## ADP jobs report
ADP reported 90,000 private sector jobs added in September, exceeding economists' estimate of 68,000.
## Fed rate hike odds
Traders priced in a 35% chance of a Fed rate hike next month, down from 51% the previous day.
## Adam Hetts on market
Adam Hetts, global head of multi-asset at Janus Henderson Investors, said strong labor and GDP data suggest inflation data won't derail rate hike expectations.
## S&P 500 September performance
The S&P 500 dropped 0.5% in September, while the Dow fell 4.3% and Nasdaq rose 1.9% during the month.
## Boeing secures defense contract
Boeing secured a $20 billion deal with the U.S. Navy to develop the next-generation F/A-XX Strike Fighter.
## Mobileye stock downgrade
Barclays downgraded Mobileye to Equal Weight from Overweight, cutting its price target to $9 from $14.
## Meta stock rises 28.8%
Meta stock rose 28.8% in September, driven by positive reception of its first consumer AI agent, Muse.
## Michael Burry on AI
Michael Burry, known for shorting the housing market before the 2008 crisis, criticized AI companies for potential market destruction.
## S&P 500 ends September
The S&P 500 closed down 0.25% at 7,651.54, marking its sixth month of negative performance in the last seven months.
## Key takeaway

S&P 500 closed down 0.25% at 7,651.54 after softer-than-expected inflation data, with the Dow falling 0.86% and Nasdaq rising 0.24%.