Business · Markets · 4 hrs ago
US stocks close higher despite inflation concerns
US stocks ended the day higher, with the Dow rising 1.08%, the S&P 500 gaining 0.33% and the Nasdaq adding 0.08%.
The gains came after producer prices rose more than expected in September, increasing concerns that inflation may stay high.
US retail sales also grew more than expected, while weekly applications for jobless benefits rose to 199,000, in line with expectations.
Higher inflation could lead the Federal Reserve to raise interest rates again, which may make borrowing more costly and weigh on investment.
Some technology shares fell, including Nvidia, AMD and Intel, while gains in health care and retail helped support the wider market.
Investors moved toward US government bonds, and yields on 10-year and 30-year bonds fell.
Investors are now watching for Fed Chair Kevin Warsh's speech at the annual meetings of the International Monetary Fund and World Bank.
US stocks closed higher, with gains in the Dow Jones, S&P 500 and Nasdaq.
The Dow rose 1.08% to 52,177.69, while the S&P 500 gained 0.33% and the Nasdaq added 0.08%.
US producer prices rose more than expected in September, stoking concerns about persistent inflation and possible further Federal Reserve rate increases.
Technology shares fell amid concerns that higher interest rates could hurt investment in artificial intelligence.
Gains in health care and retail stocks helped support the broader market.
- Who
- US stock market indexes and publicly traded companies.
- What
- Major US stock indexes closed higher despite inflation concerns and losses in some technology shares.
- When
- October 15, 2026.
- Where
- New York, United States.
- Why
- Gains by companies in sectors including health care and retail supported the market, despite inflation data fueling worries about interest rates.
This story does not have two clearly opposing sides.
US consumer price data pointed to accelerating inflation in September.
September producer prices rose more than expected, and US stock indexes closed higher.
- Dow Jones
- Up 1.08% to 52,177.69
- S&P 500
- Up 0.33% to 7,744.06
- Nasdaq
- Up 0.08% to 26,713.03
- September producer prices
- Up 1.3% month over month and 6.3% year over year
- September retail sales
- Up 0.8% month over month