Nasdaq Composite heads into Wednesday with CPI ahead, down 42 points
Published on 10/14/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInflation data and chip pressure
- The Nasdaq Composite closed at 27,204 points on October 13, down 42 points or 0.2 percent.
- September CPI is expected to rise 3.7 percent year over year, with core CPI at 2.5 percent.
- Bumble surged 56.6 percent after Ithaca Holdings agreed to acquire it for USD 1.3 billion.
- September CPI is due October 14, 2026, at 8:30 a.m. ET.
The Nasdaq Composite closed at 27,204 points on October 13, down 42 points or 0.2 percent. Economists expect headline CPI to rise 3.7 percent year over year, versus 3.4 percent previously, Charles Schwab reports.
Bumble surged 56.6 percent after Ithaca Holdings agreed to acquire the dating-app company for USD 1.3 billion. Memory-chip weakness and mixed bank earnings kept pressure on technology shares.
Why is the Nasdaq Composite under pressure?
Chip stocks fell after Chinese memory maker ChangXin Memory Technologies reported progress on a new memory-cell design. That raised competition concerns for global memory producers, while South Korea's KOSPI dropped 5.5 percent, Yahoo Finance reports.
Bank earnings produced mixed signals. JPMorgan Chase missed analysts' earnings and revenue expectations, while Wells Fargo also reported mixed results. The Nasdaq Composite still ended near recent highs despite the decline, Investopedia reports.
Nasdaq Composite movers from Tuesday
Gainers and losers on October 13, 2026, according to MetaCap:
- Bumble up 56.6 percent: acquisition agreement.
- SES AI up 27.5 percent.
- Regencell Bioscience up 14.9 percent.
- Enhanced Group down 17.7 percent.
- Adlai Nortye down 17.3 percent.
- Omada Health down 16.3 percent.
Cues ahead of the Nasdaq Composite open
Nasdaq-100 futures were down 0.1 percent at 5:46 a.m. EDT on October 14. The cue was weaker than the Dow and S&P 500 futures, which were up 0.44 percent and 0.18 percent, respectively, TipRanks reports.
Asian markets were mixed. The Shanghai Composite fell 0.79 percent, while the Hang Seng rose 0.09 percent. Nasdaq futures later moved up 0.13 percent in one market update, showing a cautious premarket tone, SquawkNews reports.
What comes next for the Nasdaq Composite
September CPI is due on October 14, 2026, at 8:30 a.m. ET. The consensus calls for headline inflation of 3.7 percent and core inflation of 2.5 percent. Bank of America, Morgan Stanley and BlackRock are also scheduled to release quarterly earnings, while the Federal Reserve's Beige Book is due later in the day, Charles Schwab reports.
