# Stocks Drop Before CPI Report

> Stocks fall as earnings disappoint and inflation data looms.
- Title: Stocks Drop Before CPI Report · Kiplinger | Shortify
- Summary: Stocks fall as earnings disappoint and inflation data looms. Stocks dropped after weak earnings reports and semiconductor stocks fell as investors prepare…
- Keywords: stocks, cpi report, semiconductor stocks, dow jones, s&p 500, nasdaq composite, jnj, jpmorgan, bumble, inflation, Drop, CPI
- Source: Kiplinger — https://kiplinger.com/investing/stocks/stocks-struggle-ahead-of-september-cpi-report-stock-market-today
- Published: 2026-10-13T20:08:50+00:00
- Read time: 1 min
- Topics: stocks, cpi report, semiconductor stocks, dow jones, s&p 500, nasdaq composite, jnj, jpmorgan, bumble, inflation
## Stocks Close Lower
Stocks closed lower Tuesday as market participants took in a lackluster start to earnings season and looked ahead to Wednesday's key inflation update.
## Semiconductor Stocks Drop
A steep sell-off in several semiconductor stocks didn't help, with reports that China's CXMT is making progress on its memory chip designs putting pressure on this corner of the market.
## Dow Jones Falls
The blue-chip Dow Jones Industrial Average was down 0.4% at 51,670 and the broader S&P 500 was 0.02% lower at 7,805.
## Tech Stocks Decline
The tech-heavy Nasdaq Composite shed 0.2% to 27,204 as mega-cap memory stocks, including SK Hynix (SKHY, -3.2%) and Micron Technology (MU, -3.6%), slumped.
## Johnson & Johnson Earnings
Johnson & Johnson (JNJ) was the worst Dow Jones stock today, falling 5.7% after the drugmaker reported earnings.
## JNJ Earnings Report
JNJ beat top- and bottom-line estimates for its third quarter, but sales in its medical devices division fell short of Wall Street's expectations due to the ongoing conflict in the Middle East.
## JPMorgan Earnings
JPMorgan Chase (JPM, -0.9%) reported second-quarter earnings of $5.75 per share, up 13.4% year over year but below analysts' estimates.
## Key takeaway

Stocks dropped after weak earnings reports and semiconductor stocks fell as investors prepare for September's inflation data.