US stocks fell on Wednesday, October 14, after a hotter-than-expected inflation report. The Nasdaq (a tech-heavy index) dropped 1.88% to 26,692.87, the S&P 500 (an index of 500 large US companies) lost 1.11% to 7,718.94, and the Dow (an index of 30 big companies) slipped 0.09% to 51,621.48. Smaller companies fell harder, with the Russell 2000 down 1.93%. Technology was the weakest sector, down 3.00%, while health care and consumer staples rose. Consumer prices rose 3.7% in September from a year earlier, above the 3.6% economists expected. Core inflation, which leaves out food and energy, rose 2.6%, also above forecasts. Treasury yields, the interest rates the US government pays to borrow, rose, and investors worried the Federal Reserve could raise rates again this month. Brent oil, the global benchmark, stayed near $108 a barrel. Bank of America fell after a $1.2 billion fine over weak safeguards against money laundering. Stock moves below are as reported during the session.
Daily Digest ·
US stocks fell on Wednesday, October 14, after a hotter-than-expected…
What moved Wall Street and the PSEi, and what it means for your money, in plain language.
Today, in Two Lines
The day’s biggest story in each market.
US stocks fell on Wednesday, October 14, after a hotter-than-expected inflation report.
Philippine stocks fell for a second straight day on Wednesday, October 14.
US & PH Markets at Last Close
Where each market finished its most recent trading session before this issue went out.
US markets
| S&P 500 | 7,718.94 -1.11% |
| Dow Jones | 51,621.48 -0.09% |
| Nasdaq | 26,692.87 -1.88% |
| 10-Yr Treasury Yield | 5.19% |
Philippine markets
| PSEi | 5,617.23 -1.48% |
| USD/PHP | 62.73 +0.06% |
| BSP Rate | 5.00% |
Winners & Losers
The stocks that moved most, and why.
USUnited States
- CRWV CoreWeave-15.0%
Slumped as AI-related and growth stocks sold off after the hot inflation report
- DELL Dell Technologies-8.3%
Fell after Barclays downgraded it to Equal Weight, citing high valuations and little enterprise AI-driven growth so far
- PGR Progressive-8.0%
Dropped after third-quarter earnings and revenue came in below Wall Street expectations
- BAC Bank of America-5.5%
Fell after a $1.2 billion regulatory fine over weak anti-money-laundering safeguards and an earnings miss
- LLY Eli Lilly+3.4%
Rose on analyst enthusiasm about a cancer drug trial collaboration with Prelude Therapeutics
PHPhilippines
- ICT International Container Terminal Services-6.6%
- GTCAP GT Capital Holdings+4.7%
US–PHUS companies linked to the Philippines
- ACN Accenture+4.0%
Gained in early trading as its Investor Day focused on AI plans, growth guidance and margin targets; the firm also runs large outsourcing operations in the Philippines
Today’s Full Story
USUnited States
PHPhilippines
Philippine stocks fell for a second straight day on Wednesday, October 14. The PSEi, the main index tracking the 30 largest listed companies, dropped 1.48% (84.31 points) to close at 5,617.23, its low for the day. A 6.59% slide in port operator ICTSI, one of the index's biggest names, did most of the damage, pushing the services group down 4.97%. Banks rose 0.99%, but not enough to offset it. Foreign investors sold a net P902.34 million more than they bought. Sentiment also weakened after the International Monetary Fund warned that the Philippines could post Southeast Asia's fifth-slowest growth this year because of weak investment and high inflation, meaning prices rising faster. Elevated oil prices, high bond yields and a weak peso added to the pressure. The peso closed at P62.87 per US dollar, 7 centavos weaker, close to its record low of P62.90. Investors expect the central bank, the Bangko Sentral ng Pilipinas (BSP), to keep raising rates.
US–PHHow US news affects the Philippines
Wednesday's US inflation report added to rate worries on both sides of the Pacific. US consumer prices rose 3.7% in September from a year earlier, above forecasts, and core inflation, which leaves out food and energy, rose 2.6%. Treasury yields rose, and investors worried the Federal Reserve could raise rates again at its October 27-28 meeting. The Nasdaq fell 1.88%. The report came out after Manila had closed, so Wednesday's 1.48% drop in the PSEi reflected local and regional worries: the IMF's warning about slow Philippine growth, high oil and bond yields, and a weak peso. Foreign investors sold a net P902.34 million. The US inflation data will first show up in Philippine trading on Thursday. Higher US yields tend to strengthen the dollar and pressure the peso, which makes imported fuel and food costlier and keeps Philippine inflation, already 7.2%, high. Brokers expect the BSP, the Philippine central bank, to raise rates again on October 22. One bright spot: Accenture, a major employer in the Philippines, gained in early trading on its Investor Day.
Sa Taglish
Dumagdag sa pag-aalala sa rates sa magkabilang panig ng Pacific ang US inflation report nitong Wednesday. Tumaas ng 3.7% ang presyo sa US nitong September kumpara noong isang taon, mas mataas sa inaasahan, at 2.6% naman ang core inflation, yung hindi kasama ang food at energy. Tumaas ang Treasury yields, at kinakabahan ang mga investor na baka mag-hike ulit ang Fed sa October 27-28 meeting nila. Bumagsak ng 1.88% ang Nasdaq. Lumabas ang report pagkatapos mag-close ng Manila, kaya ang 1.48% na pagbaba ng PSEi nitong Wednesday ay dahil sa mga lokal at regional na alalahanin: yung babala ng IMF na mabagal ang paglago natin, mataas na oil at bond yields, at mahina ang peso. Nagbenta rin ng net P902.34 million na Philippine shares ang mga foreign investors. Sa Thursday pa lang makikita sa trading natin ang epekto ng US data. Kapag tumataas ang US yields, kadalasan lumalakas ang dollar at napepeste ang peso, kaya mas mahal ang imported na gasolina at pagkain, at mataas pa rin ang inflation natin na nasa 7.2% na. Inaasahan ng mga broker na mag-hike ulit ang BSP sa October 22. May konting good news: tumaas ang Accenture, isa sa malalaking employer sa Pilipinas, nang magsimula ang Investor Day nila.
USD/PHP
Biggest mover: Russell 2000 -1.93%
What to Watch
- Philippine markets will react Thursday to the hot US inflation report and higher Treasury yields.
- The BSP meets October 22 and the Fed meets October 27-28; both are seen as possible rate-hike meetings.
- Brent near $108 and Houthi attacks on Saudi targets could keep fuel prices and Philippine inflation elevated.
Sources
The original reporting behind this issue.
US markets
- Stock Market Today (Oct. 14, 2026): Russell 2000, Nasdaq fall 2% on hot inflation data
Stocks fell after September consumer prices rose 3.7% from a year earlier, with technology the weakest sector and health care and staples gaining.
- S&P 500 drops 1%, dragged down by hot inflation data and sell-off in AI-related stocks: Live updates
The S&P 500 fell 1.11% and the Nasdaq 1.88% as hot inflation data and an AI-stock selloff hit the market.
- Stock market today: Hot inflation report drops tech, drives S&P 500, Dow and Nasdaq down
Annual inflation of 3.7% and core inflation of 2.6% both topped forecasts, pulling tech-heavy indexes lower.
- Stock Market Midday, Oct. 14: Hot Inflation Weighs on Markets, CoreWeave Plummets 15%
A hotter inflation print pressured growth stocks while the semiconductor selloff continued and CoreWeave sank.
PH markets
- PSEi falls to 5,617 as ICTSI tumbles
A 6.59% drop in ICTSI pulled the PSEi down 1.48% as foreign selling and IMF growth worries weighed on sentiment.
- PSEi plunges to 5,600 level as sell-off continues
The index traded at the 5,600 level all session and closed at its intraday low as the services group sank nearly 5%.
- Peso weakens further as PSEi sinks toward 5,600, October 14, 2026
The peso lost seven centavos to close at P62.870 per dollar for its second straight daily loss.
Cross US–PH
- Stock Market Today (Oct. 14, 2026): Russell 2000, Nasdaq fall 2% on hot inflation data
Treasury yields rose after the inflation report fueled concerns that the Fed could raise rates again this month, while Accenture gained as its Investor Day began.
- PSEi falls to 5,617 as ICTSI tumbles
The IMF warned that the Philippines could post Southeast Asia's fifth-slowest growth this year amid weak investment and elevated inflation.
- Peso weakens further as PSEi sinks toward 5,600, October 14, 2026
The peso closed at P62.870 per dollar, edging closer to its recent record lows.
- Accenture in the Philippines
The company describes itself as one of the largest and most mature IT firms operating in the Philippines.
Terms to know
- Stock
- A tiny piece of ownership in a company. Buying a company's stock means you own a small part of that business.
- Stock market
- The overall marketplace where stocks are bought and sold. When we say 'the market' or show numbers like the S&P 500 or PSEi, we mean a snapshot of how stocks overall are doing that day.
- Interest rate
- The cost of borrowing money, or what you earn for saving it. When rates go up, loans get pricier, but savings can earn a bit more.
- Inflation (CPI)
- When everyday prices rise over time, so the same money buys less than before. CPI is the number used to measure it.
- Fed (Federal Reserve)
- The US central bank. It sets interest rates, which affect how expensive it is to borrow money, even here in the Philippines.
- BSP (Bangko Sentral ng Pilipinas)
- The Philippine central bank, PH's equivalent of the Fed.
- PSEi
- A single number that tracks how the Philippines' biggest company stocks are doing overall, like a report card for the PH stock market.
- bps (basis points)
- A small unit for measuring interest rate changes: 100 bps = 1%. Used because rate changes are usually tiny.
- 10-Yr Yield
- The interest rate the US government pays to borrow money long-term. When it rises, loans and mortgages tend to get pricier everywhere, not just in the US.
- USD/PHP
- How many pesos it takes to buy one US dollar.
- OFW remittances
- Money sent home by overseas Filipino workers, a key driver of peso demand.
Summaries, mover explanations, and forward-looking notes in this issue are AI-written from real market data and sourced news. Not financial advice.