empty
 
 

2026.10.1413:35:00UTC+00US Stocks Pull Back

US stocks fell on Wednesday as hotter-than-expected inflation data and ongoing volatility in the AI infrastructure sector weighed on markets. The S&P 500 declined 0.3% and the Nasdaq 100 slid nearly 1%, while the Dow ended little changed. Semiconductor stocks extended this week’s losses after ASML said it could not keep pace with demand from chip fabs, even as Chinese rivals rolled out enhanced products that are closing the gap with US and South Korean competitors.

The stronger headline and core inflation readings reinforced expectations that the Federal Reserve will deliver another interest rate hike this year. In tech, AMD and Intel each fell 3%, while Dell, SanDisk, and Palo Alto Networks dropped between 3% and 7%. Among financials, Bank of America sank more than 7% after reporting weaker-than-expected equity and fixed-income trading revenues. Morgan Stanley gained about 1% as its equity trading revenue beat forecasts, and BlackRock inched higher after attracting more client capital to its asset management business, lifting fee income.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback