Stocks Turn Lower After Hot Inflation Reading Chelsey Dulaney Wed, October 14, 2026 at 12:34 PM EDT 2 min read ^IXIC -1.88% ^DJI -0.41% - Jeenah Moon/Reuters A hotter-than-expected September inflation report has put a dampener on the mood in markets Wednesday.
Stocks are lower in afternoon trading, with the Nasdaq bearing the brunt of the declines, down 1.6%, and the Dow industrials trading about 0.3% lower. Treasury yields rose, though they've stayed below their recent highs.
OpenAI Engineer Allegedly Hid Toilet Paper-Wrapped Mic in Conference Room
Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags' Turnaround Hopes
Failure of Australia's Largest IPO in Decades Sends Tremors Through AI Trade
John Ternus Takes Next Big Swing as Apple CEO With HomeView Tablet
Higher Rates Are Coming for Private Equity—and Smaller Firms Are Already Hurting
The U.S. consumer price index rose 3.7% in September from an annual rate of 3.4% in August. Economists polled by the Wall Street Journal had expected a 3.6% increase. Core inflation, which excludes volatile food and energy costs, also topped economists' forecasts.
The data raises pressure on the Federal Reserve to consider further interest-rate increases to tame inflation, which is sitting well above its 2% target. Most investors had been expecting the Fed would wait until December to lift rates again, but now see the odds of an October rate hike as more or less a coin toss.
Investors are also dissecting a fresh round of earnings from Wall Street. Bank of America shares are tumbling after its profit disappointed even excluding a $1.2 billion fine, while BlackRock's are climbing after it reported record assets for the third quarter.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
My First Impressions of Apple's New Smart Home Display
Albertsons Just Slapped a 'For Sale' Sign on Itself—Again
Rising Interest Rates Threaten to Spoil the Party for Big Banks
Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws
U.S. Defense Startups Flock to Taiwan to Build China-Free Drones
