Stocks Turn Lower After Hot Inflation Reading Chelsey Dulaney Wed, October 14, 2026 at 12:34 PM EDT 2 min read ^IXIC -1.90% ^DJI -0.39% - 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.
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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
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