# U.S. Stocks Drop as CPI Acceleration Boosts Rate-Hike Bets

> Nasdaq falls 496 points after September CPI jumps to 3.7% year-over-year, sparking Fed rate hike expectations.
- Title: U.S. Stocks Drop as CPI Acceleration Boosts Rate-Hike Bets
- Summary: Nasdaq falls 496 points after September CPI jumps to 3.7% year-over-year, sparking Fed rate hike expectations. U.S. stocks dropped sharply as September CPI…
- Keywords: nasdaq, cpi, federal reserve, rate hike, stock market, technology stocks, treasury yield, finance, markets, Stocks, Drop, Acceleration
- Source: BigGo Finance — https://finance.biggo.com/news/c7c65415-b823-4a44-87a4-0e19b9da3273
- Author: BigGo Finance
- Published: 2026-10-14T21:25:22+00:00
- Read time: 1 min
- Topics: nasdaq, cpi, federal reserve, rate hike, stock market, technology stocks, treasury yield, finance, markets
## U.S. Stocks Drop
U.S. stocks closed sharply lower on October 14 with the Nasdaq Composite plunging 496 points.
## September CPI Accelerates
September consumer price index rose 3.7% year-over-year, accelerating from 3.4% in August.
## Rate-Hike Bets Rise
Markets expect Federal Reserve to deliver another rate hike at October 27, 28 FOMC meeting.
## Tech Stocks Suffer
AI-related names including Oracle and CoreWeave dropped sharply with Philadelphia Semiconductor Index down 3.94%.
## Dow Stays Steady
Dow Jones Industrial Average limited decline to 0.22% despite Nasdaq's steep losses.
## Treasury Yields Rise
U.S. 10-year Treasury yield climbed to 5.29%, intensifying pressure on tech stocks.
## Market Reaction
Markets now focus on Fed meeting and corporate earnings as rate hike expectations grow.
## Key takeaway

U.S. stocks dropped sharply as September CPI accelerated to 3.7% year-over-year, increasing pressure for another Federal Reserve rate hike.