US Stocks Fall as Hotter Inflation Fuels Rate — Hike Concerns, NAGA Group Says
NAGA Group's market analysis flagged hotter-than-expected US inflation and rising oil prices as risks to equity valuations. The S&P 500 fell 1.11% on Wednesday; the Nasdaq 100 dropped 2.02%, with semiconductor and AI-related stocks under pressure. September headline inflation reached 3.7%, exceeding the 3.6% forecast;