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NasdaqDow Jonesinflationartificial intelligence
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.63 |
| Change that session | -0.10% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.05 |
| Change that session | +0.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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U.S. stock futures slipped late Wednesday as hotter-than-expected September inflation data and a sharp selloff in chip stocks weighed on markets. CPI rose 0.6% month over month and 3.7% year over year, against expectations of 0.6% and 3.6%, while core CPI rose 0.3% monthly and 2.6% annually; the odds of a Fed rate hike at October's meeting rose to 27.1% from 17.7% a week earlier. The Nasdaq Composite closed nearly 2% lower, the S&P 500 fell 1.11% and the Dow dipped 0.09%. Chip stocks were hit by a South Korean selloff and concerns over China's CXMT plans for next-generation DRAM products, with Nvidia down 3%, Micron off more than 4%, AMD down more than 5% and SOXX down 4.5%. CoreWeave fell more than 15% and Nebius more than 10% after Gartner predicted 80% of neoclouds would not operate independently by 2030, while ImmunityBio rose after FDA approval of Anktiva; the 10-year Treasury yield was 5.102% and the 30-year 5.452%.
- U.S. stocks end on mixed note Tuesday, Dow Jones stars
The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average gained 1.02% to 52,497.42, led by industrial stocks. The Nasdaq Composite slipped 0.02% to 26,424.82 as tech stocks lagged, even though AI stocks firmed after recent sell-offs. Jake Behan of Direxion said the link between AI-driven growth and higher rates is being tested, and hyperscaler earnings over the next few weeks will be the next major stress test for the AI trade. The U.S. dollar weakened against major currencies, with EUR-USD up 0.21% to 1.1236 and GBP-USD up 0.57% to 1.3381. Globally, European indices drifted lower and Asian markets diverged, with Hang Seng, Nikkei 225 and KOSPI falling while Indonesia's IDX Composite rose 5.65%.
- US stocks end higher as AI shares stabilize
The Dow closed up 1.1% at 52,177.69 and the S&P 500 gained 0.3% to 7,744.06, despite a sharp early sell-off in Asia that saw Seoul's Kospi tumble 7.6% and Tokyo's Nikkei fall 4.9%. Wall Street was supported by a pullback in Treasury yields and by Nvidia CEO Jensen Huang's upbeat comments on CoreWeave, whose shares rose 6% after dropping more than 15% the previous day. The Nasdaq finished up only 0.1% at 26,713.03, while the Philadelphia semiconductor index closed lower but well above its session low. Oil diverged: West Texas Intermediate rose 3.0% to $97.97 a barrel after a big drop in US commercial inventories, while Brent slipped 0.1% to $105.92, partly due to the faster expiry of the US contract. European markets also closed higher, with London's FTSE 100 up 1.1%.
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