Nasdaq Tumbles as Inflation Fuels Rate-Hike Fears

The Nasdaq Composite experienced a sharp decline on October 14, 2026, closing down 1.88% at 26,692.87 points, following hotter-than-expected inflation data. This sparked concerns about potential interest rate hikes by the Federal Reserve, particularly impacting AI and semiconductor stocks. The S&P 500 also decreased by 1.11% to 7,718.94 points, while the Dow Jones Industrial Average fell 0.09% to 51,621.48 points.