Nasdaq slumped 1.9%
The Nasdaq Composite fell 1.88% on Wednesday, October 14, closing at 26,692.87. It was the weakest of the three major US benchmarks that day: the S&P 500 lost 1.11% and the Dow Jones Industrial Average finished almost flat, down 0.09%. A drop that was much deeper in the tech-heavy Nasdaq than in the Dow points to selling concentrated in technology shares rather than across the whole market.
The slide extended a soft stretch. The index is down 3.07% over the past week, although it is still up 2.74% over one month, 3.13% over three months and 14.85% since the start of the year. It now sits 3.29% below its 52-week high of 27,599.79 and 28.36% above its 52-week low of 20,794.64. The close left it only just above its 50-day moving average, the average closing level over roughly the last ten weeks, which stands at 26,628.39. It remains comfortably above the 200-day average of 24,889.6, the slower gauge many traders use to judge the longer trend.
Elsewhere, markets that closed on October 14 were mixed. European benchmarks rose: the FTSE 100 gained 0.7%, the CAC 40 0.58%, the Euro Stoxx 50 0.38% and the DAX 0.15%. In Asia that same date, Shanghai lost 0.89%, the Hang Seng 0.13%, India's Nifty 50 0.44% and the Sensex 0.34%, while Taiwan's TAIEX added 0.59%. Those markets had largely closed before the US session ended.
The latest closes for three Asia-Pacific markets are dated a session later, October 15, after the Nasdaq's fall. On that date South Korea's KOSPI dropped 6.92%, Japan's Nikkei 3.85% and Australia's ASX 200 0.48%. The pack does not say why those markets fell, so the sequence alone does not show that one move caused the other.
The news context points to inflation and interest rates. A Goodreturns headline said US indices fell as inflation rose to 3.7%, with the dollar and bond yields rallying. A headline from 24/7 Wall St. said hot inflation had put another Federal Reserve rate hike back in play, and a TradingKey headline described the Nasdaq dropping 500 points as rate-hike expectations rose, with AI hardware and tech names leading and Nvidia down over 3%. A Seeking Alpha headline described a 2% tumble driven by ten stocks. Those rounded headline figures differ slightly from the 1.88% close in the data, and the pack itself contains no inflation release to confirm them.
What the data establishes is a sharp one-day fall, a weaker week, and an index still well up for the year and above both of its key moving averages. The rate-and-inflation explanation comes only from headlines; the pack does not independently verify it.
The numbers
- Level 26,692.87, -1.88% on the day (as of 2026-10-14)
- 1-week -3.07% · 1-month +2.74% · 3-month +3.13% · YTD +14.85%
- 52-week range 20,794.64 – 27,599.79, 3.3% below the high
- Trading above its 50-day average and above its 200-day average
Around the world (same session)
- S&P 500 -1.11%
- Dow -0.09%
- FTSE 100 +0.70%
- DAX +0.15%
- CAC 40 +0.58%
- Euro Stoxx 50 +0.38%
- Nikkei -3.85%
- Hang Seng -0.13%
- Shanghai -0.89%
- KOSPI -6.92%
- TAIEX +0.59%
- ASX 200 -0.48%
- Sensex -0.34%
- Nifty 50 -0.44%
Recent headlines
- Nasdaq 100 Index Commentary – Monthly Update — Invesco (2d ago)
- Nasdaq tumbles 2%, and these 10 stocks have fueled the selloff — Seeking Alpha (6h ago)
- US Stock Market Today LIVE: NASDAQ, S&P 500, Dow Jones Falls As Inflation Rises To 3.7%; Dollar, Yields Rally — Goodreturns (9h ago)
- Stock Market Today: S&P 500, Dow Futures Gain, Nasdaq 100 Falls as Iran Flags ‘Inadequate’ US Response to Peace Terms — SMP, QMCO, SVRN in Focus (UPDATED) — TradingView (2d ago)
- Nasdaq Plunges 500 Points as Fed Rate Hike Expectations Rise; AI Hardware and Tech Stocks Lead Losses; Nvidia Falls Over 3% — TradingKey (4h ago)
- What is the Nasdaq-100? A Guide to One of the World's Most-Watched Indexes — Nasdaq (56d ago)
- Nasdaq Composite Index (.IXIC) — Moomoo (2d ago)
- Stock Market Today: Stocks Head Lower as Hot Inflation Puts Another Fed Rate Hike Back in Play — 24/7 Wall St. (11h ago)
Sources
- Nasdaq 100 Index Commentary – Monthly Update — Invesco
- Nasdaq tumbles 2%, and these 10 stocks have fueled the selloff — Seeking Alpha
- US Stock Market Today LIVE: NASDAQ, S&P 500, Dow Jones Falls As Inflation Rises To 3.7%; Dollar, Yields Rally — Goodreturns
- Stock Market Today: S&P 500, Dow Futures Gain, Nasdaq 100 Falls as Iran Flags ‘Inadequate’ US Response to Peace Terms — SMP, QMCO, SVRN in Focus (UPDATED) — TradingView
- Nasdaq Plunges 500 Points as Fed Rate Hike Expectations Rise; AI Hardware and Tech Stocks Lead Losses; Nvidia Falls Over 3% — TradingKey
- What is the Nasdaq-100? A Guide to One of the World's Most-Watched Indexes — Nasdaq
- Nasdaq Composite Index (.IXIC) — Moomoo
- Stock Market Today: Stocks Head Lower as Hot Inflation Puts Another Fed Rate Hike Back in Play — 24/7 Wall St.
Keep digging
- All world-index wraps: the daily read on Wall Street, Europe and Asia in one place.
- Commodities & global markets: live gold, crude, Bitcoin, the dollar, yields and the VIX.
- Money & markets stories: the drama behind the moves.