US Equity Futures Swing Lower After CPI
2026-10-14 12:53
By
Andre Joaquim
1 min. read
US stock futures swung lower on Wednesday amid hot inflation data and continued volatility in the AI infrastructure sector.
Contracts for the S&P 500 and Dow fell 0.3%, while those for the Nasdaq 100 slipped nearly 1%.
Chip producers extended this week's losses as ASML stated it could not keep up with fab demand, while Chinese competitors introduced improved products approaching the capabilities of US and Korean firms.
Meanwhile, headline and core inflation prints solidified expectations that the Federal Reserve will deliver another rate hike this year.
AMD and Intel fell 2%, while Dell, SanDisk, and Palo Alto Networks sank over 3% premarket.
In contrast, Morgan Stanley was 1% higher after its equity trading revenue topped forecasts, and BlackRock edged up after pulling in more capital in its asset management business, boosting fee revenue.