Stocks slide on inflation and oil
The S&P 500 fell 1.11% to 7,718.94 and the Nasdaq Composite fell 1.88% to 26,692.87, with the Nasdaq-100 down 2.02%.
Futures now
Ahead of the open, S&P 500 futures are down 0.21%, Nasdaq 100 futures down 1.02%, Dow futures up 0.31% and Russell 2000 futures up 0.27% against their previous settlement. In Asia, the Nikkei 225 is down 4.90%, the Hang Seng down 1.03% and the Shanghai Composite down 1.59%. In Europe, the Euro Stoxx 50 is down 0.73%, the DAX down 0.40% and the FTSE 100 up 0.78%. Across markets, WTI is down 1.08% at 94.06, Gold is up 1.60% at 4,173.60 and EUR/USD is up 0.13% at 1.1220.
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 futures | 7,754.25 | -16.00 (-0.21%) | 2026-10-15 |
| Nasdaq 100 futures | 29,874.75 | -308.00 (-1.02%) | 2026-10-15 |
| Dow futures | 52,018.00 | +160.00 (+0.31%) | 2026-10-15 |
| Russell 2000 futures | 2,752.30 | +7.30 (+0.27%) | 2026-10-15 |
Where the tape closed
The Session
Of the 503 S&P 500 members that printed, 241 rose and 262 fell. Consumer Staples led the sector table at +1.83% on an equal-weighted basis and Information Technology sat at the bottom at -3.33%. Micron Technology (MU) fell 4.10% and carried the largest share of the weighted index move. The VIX rose 10.48% to 16.87. Seven universe names reported on the session.
World news
- Angola Seeks to Keep Oil Output Above 1 Million Barrels a DayBloomberg Markets
- Chinese refiners rush to buy Middle East crude as stocks fall, Kpler saysMiddle East Eye
- UK resists EU pressure to hit China with tariffs - The GuardianGoogle News CN Trade
- Kenya milk prices rise 6 percent in September, rains may ease pressure while bread and cooking oil follow global markets - Farmers Review AfricaGoogle News KE
- UK resists EU pressure to hit China with tariffsGuardian Business
- China Offers EU Dialogue After Beijing Limits Hybrid Vehicle Exports And Cuts Tariffs: 7 outlets compared - NewsCordGoogle News CN Trade
The day ahead
| Time | Release | Impact | Consensus | Previous |
|---|---|---|---|---|
| 08:30 ET | Producer Price Index Month-over-Month | High | 0.5 | 0.4 |
| 08:30 ET | Retail Sales Month-over-Month | High | 0.3 | 1.2 |
| 08:30 ET | Core PPI Month-over-Month | Medium | 0.3 | 0.2 |
| 08:30 ET | NY Empire State Manufacturing Index | Medium | 10.3 | 7.60 |
| 08:30 ET | Philadelphia Fed Manufacturing Index | Medium | 28.4 | 37.8 |
| 08:30 ET | Retail Sales Control Group Month-over-Month | Medium | 0.3 | 1.4 |
| 08:30 ET | Retail Sales Excluding Autos Month-over-Month | Medium | 0.5 | 1.4 |
| 08:30 ET | Weekly Jobless Claims | Medium | 200000 | 197000 |
| 10:00 ET | Business Inventories Month-over-Month | Medium | 0.4 | 0.8 |
| 12:00 ET | EIA Weekly Crude Oil Inventory | Medium | 200000.0 | -3186000.000 |
| 12:00 ET | EIA Weekly Gasoline Inventory | Medium | — | 382000.000 |
| 16:30 ET | Fed Hammack SpeechFed | High | — | — |
| 23:30 ET | Fed Chair Warsh SpeechFed | High | — | — |
Before the open: SCHW (cons. 1.66) · PLD (cons. 1.58) · BNY (cons. 2.26) · USB (cons. 1.32) · PNC (cons. 4.97) · MRSH (cons. 1.96)
After the close: IBKR (cons. 0.66) · JBHT (cons. 1.81)
Overnight and across markets
| Market | Level | Change | As of |
|---|---|---|---|
| Nikkei 225 | 64,425.95 | -3,318.34 (-4.90%) | 2026-10-15 |
| Hang Seng | 24,062.72 | -251.45 (-1.03%) | 2026-10-15 |
| Shanghai Composite | 3,707.48 | -59.75 (-1.59%) | 2026-10-15 |
| Euro Stoxx 50 | 6,144.95 | -45.42 (-0.73%) | 2026-10-15 |
| DAX | 25,197.27 | -101.34 (-0.40%) | 2026-10-15 |
| FTSE 100 | 10,808.54 | +83.64 (+0.78%) | 2026-10-15 |
| Market | Level | Change | As of |
|---|---|---|---|
| WTI crude | 94.06 | -1.03 (-1.08%) | 2026-10-15 |
| Gold | 4,173.60 | +65.70 (+1.60%) | 2026-10-15 |
| EUR/USD | 1.1220 | +0.0015 (+0.13%) | 2026-10-15 |
| USD/JPY | 157.90 | -0.43 (-0.27%) | 2026-10-15 |
| US 10-year yield | 5.19% | — | 2026-10-14 |
Where the indices sit
S&P 500 daily bars for the last 30 sessions, then three months of closes rebased to 100.
What carried the session
Proxy: dollar-volume share among members that printed, times the move. Not official index weight.
| Ticker | Name | Session | Contribution |
|---|---|---|---|
| MUSPXNDX | Micron Technology | -4.10% | -20.3 bp |
| NVDASPXNDX | Nvidia | -3.16% | -16.5 bp |
| AMDSPXNDX | Advanced Micro Devices | -5.73% | -14.6 bp |
| DELLSPX | Dell Technologies | -11.27% | -13.5 bp |
| ORCLSPX | Oracle Corporation | -8.83% | -11.9 bp |
| MRVLSPXNDX | Marvell Technology | -8.73% | -11.1 bp |
| SNDKSPXNDX | Sandisk | -5.33% | -10.9 bp |
| LITESPXNDX | Lumentum | -9.28% | -9.6 bp |
Breadth and sectors
Sector moves equal-weighted across members that printed.
| Sector | Average member move | Members |
|---|---|---|
| Consumer Staples | +1.83% | 34 |
| Health Care | +1.34% | 60 |
| Materials | +0.15% | 24 |
| Utilities | -0.17% | 31 |
| Energy | -0.42% | 21 |
| Consumer Discretionary | -0.43% | 47 |
| Industrials | -0.56% | 83 |
| Financials | -0.78% | 76 |
| Real Estate | -0.91% | 30 |
| Communication Services | -1.86% | 22 |
| Information Technology | -3.33% | 75 |
Largest moves
| Ticker | Name | Session |
|---|---|---|
| UNHSPX | UnitedHealth Group | +4.73% |
| DLTRSPX | Dollar Tree | +4.71% |
| MRNASPXNDX | Moderna | +4.65% |
| BMYSPX | Bristol Myers Squibb | +4.61% |
| DGSPX | Dollar General | +3.95% |
| KRSPX | Kroger | +3.87% |
| UHSSPX | Universal Health Services | +3.84% |
| GILDSPXNDX | Gilead Sciences | +3.80% |
| Ticker | Name | Session |
|---|---|---|
| SKYDSPX | Skydance Corporation | -23.84% |
| CRWVNDX | CoreWeave, Inc. | -15.46% |
| DELLSPX | Dell Technologies | -11.27% |
| CIENSPX | Ciena | -10.19% |
| NBISNDX | Nebius Group N.V. | -10.08% |
| PSPX | Everpure | -9.86% |
| FLEXSPX | Flex Ltd. | -9.50% |
| LITESPXNDX | Lumentum | -9.28% |
Earnings reported in the session
Beat and miss shown only where consensus and actual are both published.
| Ticker | Name | Slot | EPS est. | Reported | Surprise | Result |
|---|---|---|---|---|---|---|
| ASML | ASML Holding N.V. | Before open | 12.47 | — | — | — |
| BAC | Bank of America Corporation | Before open | 1.11 | — | — | — |
| MS | Morgan Stanley | Before open | 2.83 | — | — | — |
| BLK | BlackRock, Inc. | Before open | 14.01 | — | — | — |
| PGR | Progressive Corporation (The) | Before open | 4.46 | — | — | — |
| FAST | Fastenal Company | Before open | 0.34 | — | — | — |
| STT | State Street Corporation | Before open | 3.65 | — | — | — |
Headlines in the session window
- Why Dell’s stock was one of the S&P 500’s biggest laggards on WednesdayMarketWatch
- This 30-year market veteran is alarmed by a record-chasing S&P 500. Here’s where he’s investing instead.MarketWatch
- Nasdaq Futures Slide as Global AI Selloff Gathers PaceWSJ Markets
- Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries - ReutersReuters Business
- Kinder Morgan Announces Third Quarter ’26 Earnings WebcastFinancial Post
- Stock Market Today: Tech Selloff to Extend Into Second DayWSJ Markets
- Coeur Announces Third Quarter 2026 Earnings CallFinancial Post
Fed and macro
- Core Inflation Rate Month-over-Month2026-10-14 · High impact
- Core Inflation Rate Year-over-Year2026-10-14 · High impact
- Inflation Rate Month-over-Month2026-10-14 · High impact
- Inflation Rate Year-over-Year2026-10-14 · High impact
- Core Inflation Rate Month-over-Month2026-10-14 · High impact
- Core Inflation Rate Year-over-Year2026-10-14 · High impact
- Inflation Rate Month-over-Month2026-10-14 · High impact
- Inflation Rate Year-over-Year2026-10-14 · High impact
- CPI ‘Opens the Door More’ to October Fed Hike, Says PGIM’s SockinBloomberg Markets
- Inflation Puts Federal Reserve in a Bind; December Rate Hike Could Reach 50 Basis Points - BigGo FinanceGoogle News US
- Federal Reserve data challenges K-shaped economy view in U.S. households - Traders UnionGoogle News US
- Lawyers for Federal Reserve's Lisa Cook say White House hearing set up by Trump is 'biased' - AP NewsAP Business
- Red hot CPI report fuels AI rout - ReutersReuters Business
Eight universe names on the next earnings calendar (SCHW, PLD, BNY, USB, PNC, MRSH) · scheduled US macro: Core Inflation Rate Month-over-Month (2026-10-14); Core Inflation Rate Year-over-Year (2026-10-14); Inflation Rate Month-over-Month (2026-10-14).
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