US Markets Fall on Inflation and Rate Fears
US markets dropped sharply as hot inflation data revived Federal Reserve rate hike fears and triggered a broader selloff in technology stocks. Coreweave and Oracle shares fell significantly while Treasury yields fluctuated amid rising investor concerns.
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United States inflation figures triggered a stock selloff, pushing the S&P 500 down 1% and sending COREWEAVE INC-CL A credit default swaps above 1,000 basis points. September core inflation sparked a rethink on interest rates, with futures pricing a 50-50 chance of a Federal Reserve hike this month. The tech sector bore the brunt of the flight from risk, pulling down global equities from Seoul to New York.
