Dow Jones jumps 550 points, Nasdaq recovers as AI sell-off halts despite high inflation
CNBC-TV18 2 hrs ago·15 Oct 2026, 11:33 pm
Wall Street indices finished higher on Tuesday, reversing early losses as the market digested a hotter-than-expected inflation report. The Dow Jones Industrial Average surged by 550 points, while the Nasdaq Composite recovered from a slump, signaling a pause in the recent AI-driven sell-off.
The rally defied the headline number, which showed U.S. wholesale prices jumped 1.3% in September. This marked the fastest monthly increase since March 2022 and far surpassed the 0.6% forecast. Investors appear to be viewing the data as a temporary blip rather than a sign of a new inflationary trend.
Investors should keep a close eye on the Federal Reserve's upcoming policy meeting. With inflation still elevated, the central bank is likely to maintain its restrictive stance. Market participants will be watching for any hints on how long interest rates might stay high.
Excerpt from CNBC-TV18
Published On Oct 16, 2026 | 05:03 IST Last Updated On Oct 16, 2026 | 05:03 IST Wall Street indices ended higher as dip buyers halted the AI sell-off and Nvidia CEO Jensen Huang reassured investors about CoreWeave, despite a hotter-than-expected September wholesale inflation report showing PPI rising 1.3%…Read the original at CNBC-TV18
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- Category: Economy.
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