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Published: 15 October 2026,08:44
Daily Market Analysis New
*The Nasdaq fell nearly 1.9% and the S&P 500 lost 1.1% as inflation accelerated to 3.7%, reviving Fed rate-hike expectations.
*AI trade comes under pressure: Concerns over heavy debt, rising financing costs and stretched valuations drove sharp losses across AI infrastructure and semiconductor stocks.
*Volatility remains elevated: PPI data, Treasury-yield movements and corporate earnings will guide sentiment, with rate-sensitive growth shares remaining vulnerable.
Wall Street experienced a notable sell-off in the previous session, with the Nasdaq Composite falling nearly 1.9 percent, the S&P 500 declining 1.1 percent, and the Dow Jones Industrial Average closing modestly lower. The session marked the S&P 500’s largest one-day drop since July and ended a prolonged streak without a decline of 1 percent or more. The primary catalyst was the September Consumer Price Index report, which showed headline inflation accelerating to 3.7 percent year-over-year, above the 3.6 percent consensus and up from 3.4 percent in August. Core CPI, excluding food and energy, rose 2.6 percent annually and 0.3 percent monthly, also exceeding expectations. The hotter reading revived concerns over persistent inflation, partly linked to elevated energy costs, and prompted traders to increase the probability of a Federal Reserve rate hike at the upcoming policy meeting. Treasury yields jumped in response, with the 10-year yield briefly surpassing 5.30 percent.
Compounding the pressure was a sharp reversal in artificial intelligence and semiconductor-related stocks. Investors grew increasingly wary of the high debt loads and rising financing costs associated with the AI infrastructure buildout. Shares of CoreWeave plunged more than 15 percent as its bond yields climbed to distressed levels, while Oracle fell nearly 9 percent and other AI-linked names such as Dell also declined sharply. The Philadelphia Semiconductor Index extended its losing streak, reflecting broader unease over valuations, competition, and the sustainability of capital-intensive AI investments in a higher-rate environment. Mixed bank earnings results, including a notable regulatory fine and profit miss at Bank of America, added to the cautious tone.
Overall, the combination of firmer inflation data and growing scrutiny of AI-related leverage shifted market sentiment toward risk reduction, particularly in rate-sensitive growth sectors. While defensive areas such as healthcare provided some support, the session underscored ongoing sensitivity to monetary policy expectations and the financing dynamics of the AI trade. Near-term direction will likely depend on subsequent economic data, including the Producer Price Index, and further corporate earnings reports.
S&P 500s, H4:
The S&P 500 has remained capped below its all-time high resistance at 7,840.30 and has now broken beneath both its ascending-triangle formation and long-term rising trendline. The combined breakdown signals a meaningful deterioration in the index’s technical structure and strengthens the bearish outlook.
Momentum indicators reinforce the negative bias. The MACD has moved below the zero line, confirming that downside momentum is building, while the Relative Strength Index is approaching oversold territory as selling pressure intensifies.
The near-term outlook remains tilted to the downside unless the S&P 500 can reclaim the broken trendline and return above the former triangle support. However, with the RSI nearing oversold conditions, the index may become vulnerable to a temporary technical rebound before the broader bearish move resumes.
Resistance Levels: 7740.00, 7840.00
Support Levels: 7661.00, 7588.20
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