Dow, S&P 500, Nasdaq Decline Amid Hot Inflation Data, AI Selloff: CRWV, NBIS, NVDA, IBRX Stocks In Focus
Red-hot inflation data, triggered by soaring energy prices, weighed heavily on markets on Wednesday. The September consumer price index (CPI) rose 0.6% for the month, while the annual rate came in at 3.7%. The rising inflation stoked concerns about a Federal Reserve rate hike. Meanwhile, the semiconductors industry took a sharp hit on Wednesday as … Read more