Low impact

The S&P 500 and Nasdaq had their worst day in over two months as a chipmaker selloff deepened and September CPI rose 3.7%, above economist expectations.

Finnhub10/15, 07:07 AM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

Nasdaq
Pushes down
DaysMedium confidence
Hotter CPI reduces Fed-cut odds and raises discount rates, pressuring growth and chipmaker names
S&P 500
Pushes down
DaysMedium confidence
Hotter inflation print reduces easing expectations, weighing on broad equity valuations

What could change this

If the chipmaker selloff proves company-specific rather than inflation-driven, the broader equity pressure could prove short-lived.

7,623.68-0.52%vs previous close

This story

09/25, 08:30 PMNow