GoKawiilNasdaq Drops 4.5% as Inflation Data Fuels AI Stock Sell-Off
The Nasdaq posted its worst weekly performance since June, falling 4.5% and ending a four-week winning streak, while the S&P 500 dropped 2%. The Dow Jones Industrial Average rose 0.7% as investors shifted toward healthcare and consumer staples. The decline accelerated after September's consumer price index rose 3.7% year-over-year and producer prices jumped 6.3% annually, the largest gain since 2022.