Nasdaq closes sharply lower as hotter inflation data raises Fed rate-hike worries

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

How coverage differs Reuters' excerpt mentions futures steadying, AI stocks and oil prices before the data; Newsmax stresses the sharply lower close and losses in Oracle and CoreWeave.

The Nasdaq ended Wednesday sharply lower after inflation data came in hotter than expected, fueling concern that the Federal Reserve could raise interest rates further. Shares of Oracle and CoreWeave were among those hit. Reuters also noted that S&P 500 and Dow futures had edged higher earlier as AI-related stocks steadied after a recent selloff, while elevated oil prices kept investors cautious.

Headline, comparison and summary written by AI from the articles below. AI can make mistakes, so check the original articles before relying on a detail.