{
  "id": 14545274,
  "title": "Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries",
  "url": "https://urgent.news/2026/10/14/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike-14545274",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T21:46:47.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/15/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike-worries"
  },
  "original_language": "en",
  "account": "The Nasdaq closed sharply lower on Wednesday, marking its biggest daily decline since July 23, following a rise in inflation data. The index fell 1.88% to 26,692.87 points. Worries about potential additional interest rate hikes from the Federal Reserve weighed heavily on shares, particularly those of AI-focused companies. Oracle's stock dropped by 8.8%, while CoreWeave and Nebius saw a steeper decline of 15% and 10% respectively. Other affected companies included Dell and Hewlett Packard Enterprise, which fell by 11.4% and 8.2% respectively, following Barclays' downgrade of the AI server makers to 'equal-weight' from 'overweight.' The Philadelphia Semiconductor Index also dropped by 4.3%, marking its sixth consecutive day of decline. Despite Apple's stock rising by 0.5%, closing its market capitalization above US$5 trillion for the first time, the market sentiment remained negative. Inflation data for September showed a sharper increase due to soaring gasoline prices and broader price pressures, which intensified pressure on the Fed to raise interest rates. Fed policymakers are now facing a 37% chance of raising rates this month, up from 22% on Tuesday, according to CME's FedWatch tool. The S&P 500 and Dow Jones both ended the day in decline, with the S&P 500 dropping 1.11% to 7,718.94 points and the Dow Jones ending at 51,621.48 points. Eight out of the 11 S&P 500 sector indexes declined, led by a 2.6% loss in information technology and a 1.78% loss in communication services.",
  "summary": "Increased bets that the US Federal Reserve will need more rate hikes to tame inflation dealt a sharp blow to some of the market's biggest gainers of 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries",
        "url": "https://urgent.news/2026/10/14/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike",
        "published": "2026-10-14T20:45:32.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries",
        "url": "https://urgent.news/2026/10/14/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike-14546274",
        "published": "2026-10-14T21:46:47.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Nasdaq ends sharply lower as hot inflation data stirs rate hike worries",
        "url": "https://urgent.news/2026/10/14/nasdaq-ends-sharply-lower-as-hot-inflation-data-stirs-rate-hike-14544362",
        "published": "2026-10-14T21:48:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}