Low impact
The Nasdaq 100 fell 1% by midday Wednesday after September CPI data came in above forecasts, pushing Treasury yields and rate-hike expectations higher.
Finnhub10/14, 06:39 PM
- 1%
- 7th Day
Figures as quoted by Finnhub
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Nasdaq
Pushes down
DaysMedium confidence
CPI beat lifted Treasury yields, raising the discount rate on future tech earnings
US10Y
Pushes up
DaysMedium confidence
September CPI above forecast pushed Treasury yields higher
What could change this
Treasury yields have since pulled back, which could ease the pressure on growth stocks if the move continues.
NDX before and after this story
28,957.53-0.00%vs previous close
This story
09/25, 08:30 PMNow
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