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International Business Times

Business

September's CPI Came in Hotter Than Expected and Geopolitical Tensions Climbed. Stocks Fell.

US Federal Reserve Stock Market Bureau of Labor Statistics

Stocks plunged on Wednesday after the September CPI report came in hotter than expected. (Credit: Getty Images)

Stocks fell on Wednesday after September's inflation reading came in hotter than expected and geopolitical tensions, particularly between the U.S. and Iran, remain high.

The Dow Jones Industrial Average dropped 0.09%, while the S&P 500 did so 1.10%. The tech-heavy Nasdaq Composite underperformed, plunging 1.88% as AI-related stocks continued to drag the index.

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