Nasdaq Swings on Inflation Data and Tech Earnings Reports

📰 Key Update of the Day

Nasdaq dropped sharply after weak inflation data failed to ease recession fears and several big tech earnings missed estimates.

🔍 Quick Summary

Recent inflation data showed a modest slowdown but remained above expectations, fueling concern about persistent price pressures. Tech giants reported mixed earnings, with some missing revenue or profit forecasts. This combination heightened market volatility, especially in the Nasdaq, which is heavily tech-weighted. Investors digested both the inflation signals and the earnings disappointment, resulting in increased selling pressure and jittery sentiment. The market uncertainty reflects worries over higher interest rates and muted growth prospects in the tech sector.

📈 Impacted Stock / ETF

Apple Inc. (AAPL) shares slid notably after its earnings missed revenue projections, contributing to Nasdaq’s pullback.

🧭 What This Means

Investors are cautious, prioritizing defensive positions amid uncertain inflation and earnings outlooks. Tech stocks may remain volatile in the near term. Risk appetite could diminish if inflation does not show sustained improvement.