The S&P 500 fell 1.1% on October 14. A hot inflation report scared investors.
SPX is the ticker for the S&P 500. It tracks 500 large US firms.
The S&P 500 closed at 7,718.94. The Nasdaq fell 1.9%. The Dow slipped 0.1%.
September prices rose 3.7% over one year. Analysts had expected 3.6%.
Gas prices rose 9.1% in September. Gas made up more than half of the monthly rise.
Core prices rose 2.6% over one year. The forecast was 2.5%.
The chip index fell 4.3%. Nvidia fell 3.2%. Oracle sank 8.8%.
Bank of America dropped 4.8%. A $1.2 billion penalty hit its profit.
Hot inflation can push rates up. Higher rates make loans cost more.
Producer prices land Thursday. The Fed meets on October 27 and 28.
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