US markets record worst day for S&P 500 and Nasdaq 100 in two months amid inflation concerns
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View chart & analysis → - 1The S&P 500 fell 1.1% and the Nasdaq 100 fell 2% on Wednesday.
- 2The September Consumer Price Index rose 0.6% from the previous month and 3.7% from a year ago.
- 3Tech stocks declined as expectations for interest rate hikes increased.
So what's the key point?
US stock markets fell sharply because prices rose more than expected. Stock prices, especially for tech companies, went down due to concerns that interest rates might rise.
Source Reuters +1 · View original ↗
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