{Economic Daily News} reported on the 15th that US stocks closed lower across the board on Wednesday (14th), with the Nasdaq falling nearly 1.9% and the S&P 500 also dropping over 1%, as chip stocks and artificial intelligence-related shares continued to face pressure. US September inflation rose more than expected, sparking market concerns that the Federal Reserve might further raise interest rates. Additionally, investors have heightened vigilance over debt and financing risks among AI infrastructure firms, dragging down tech stock performance.
The Dow Jones Industrial Average closed down 48.62 points, or 0.09%, at 51,621.48; the S&P 500 fell 86.51 points, or 1.11%, to 7,718.94; the Nasdaq dropped 511.51 points, or 1.88%, to 26,692.87.
The US Bureau of Labor Statistics reported that the Consumer Price Index (CPI) for September rose 3.7% year-on-year, higher than the market expectation of 3.6% and above August's 3.4%; on a monthly basis, it rose 0.6%, in line with market expectations. Excluding food and energy prices, core CPI rose 0.3% month-on-month and 2.6% year-on-year, both exceeding market expectations. Persistent inflationary pressures have prompted the market to reassess the Federal Reserve's interest rate policy path.
*Dollar hits highest level since May 2025*
The US dollar index rose over 0.6%, reaching a high of 102.95, the highest level since May 2025, and was trading at 102.58, up 0.3% during the session. The dollar-yen pair fluctuated, reaching a high of 158.95, and was trading around 158.32, mostly flat. The euro-dollar pair was under pressure, falling to 1.113 dollars, and was trading at 1.1153, down 0.4%.
International gold prices were under pressure, with spot gold falling 1.4% to $4,101 per ounce; New York futures gold dropped 1.3% to $4,120 per ounce.
*Oil prices rise, Brent crude exceeds $105*
International oil prices rose as risks to energy facilities and shipping safety in the Middle East intensified, raising market concerns about disruptions to crude oil supply. New York crude futures rose 1.1%, to $95.2 per barrel; Brent crude futures rose 0.2%, to $105.93 per barrel.
Among AI-related概念股, cloud computing and AI infrastructure company CoreWeave (US.CRWV) plunged over 15%, Oracle (US.ORCL) fell 8.8%, and Nebius (US.NBIS) dropped 10.1%.
*AI stocks sold off*
Chip stocks were also under pressure. The Philadelphia Semiconductor Index fell 4.3%, declining for the sixth consecutive trading day, marking the longest losing streak since May 2025. AI server-related stocks were also sold off, with Dell Technologies (US.DELL) and Hewlett Packard Enterprise (US.HPE) falling 11.3% and 8.3% respectively.
Among other major tech stocks, SpaceX (US.SPCX) fell 2.8%, Tesla (US.TSLA) dropped 2.2%, NVIDIA (US.NVDA) declined 3.2%, Meta (US.META) fell 3.3%, Apple (US.AAPL) rose 0.5%, Microsoft (US.MSFT) dropped 1.8%, Google (US.GOOG) fell 1.7%, and Amazon (US.AMZN) declined 1.7%.
In the financial sector, Bank of America (US.BAC) reported a decline in third-quarter earnings and set aside $1.2 billion to cover regulatory fines related to failure in identifying potential money laundering activities, causing its stock to fall 4.8%. Although Morgan Stanley (US.MS) reported an increase in quarterly earnings, its stock still fell 2.8%. (yc)
The Dow Jones Industrial Average closed down 48.62 points, or 0.09%, at 51,621.48; the S&P 500 fell 86.51 points, or 1.11%, to 7,718.94; the Nasdaq dropped 511.51 points, or 1.88%, to 26,692.87.
The US Bureau of Labor Statistics reported that the Consumer Price Index (CPI) for September rose 3.7% year-on-year, higher than the market expectation of 3.6% and above August's 3.4%; on a monthly basis, it rose 0.6%, in line with market expectations. Excluding food and energy prices, core CPI rose 0.3% month-on-month and 2.6% year-on-year, both exceeding market expectations. Persistent inflationary pressures have prompted the market to reassess the Federal Reserve's interest rate policy path.
*Dollar hits highest level since May 2025*
The US dollar index rose over 0.6%, reaching a high of 102.95, the highest level since May 2025, and was trading at 102.58, up 0.3% during the session. The dollar-yen pair fluctuated, reaching a high of 158.95, and was trading around 158.32, mostly flat. The euro-dollar pair was under pressure, falling to 1.113 dollars, and was trading at 1.1153, down 0.4%.
International gold prices were under pressure, with spot gold falling 1.4% to $4,101 per ounce; New York futures gold dropped 1.3% to $4,120 per ounce.
*Oil prices rise, Brent crude exceeds $105*
International oil prices rose as risks to energy facilities and shipping safety in the Middle East intensified, raising market concerns about disruptions to crude oil supply. New York crude futures rose 1.1%, to $95.2 per barrel; Brent crude futures rose 0.2%, to $105.93 per barrel.
Among AI-related概念股, cloud computing and AI infrastructure company CoreWeave (US.CRWV) plunged over 15%, Oracle (US.ORCL) fell 8.8%, and Nebius (US.NBIS) dropped 10.1%.
*AI stocks sold off*
Chip stocks were also under pressure. The Philadelphia Semiconductor Index fell 4.3%, declining for the sixth consecutive trading day, marking the longest losing streak since May 2025. AI server-related stocks were also sold off, with Dell Technologies (US.DELL) and Hewlett Packard Enterprise (US.HPE) falling 11.3% and 8.3% respectively.
Among other major tech stocks, SpaceX (US.SPCX) fell 2.8%, Tesla (US.TSLA) dropped 2.2%, NVIDIA (US.NVDA) declined 3.2%, Meta (US.META) fell 3.3%, Apple (US.AAPL) rose 0.5%, Microsoft (US.MSFT) dropped 1.8%, Google (US.GOOG) fell 1.7%, and Amazon (US.AMZN) declined 1.7%.
In the financial sector, Bank of America (US.BAC) reported a decline in third-quarter earnings and set aside $1.2 billion to cover regulatory fines related to failure in identifying potential money laundering activities, causing its stock to fall 4.8%. Although Morgan Stanley (US.MS) reported an increase in quarterly earnings, its stock still fell 2.8%. (yc)
