Nasdaq drops 1.85% as higher US inflation drives Fed rate hike concerns

📉 Nasdaq falls 1.85% as September inflation exceeds forecasts, intensifying Fed rate hike bets. 🟠 Tech stocks like Oracle and chipmakers lead losses as AI infrastructure spending faces scrutiny. 💼 BofA and Morgan Stanley drop after earnings, while Berkshire boosts its stake in Bending Spoons. Continue Reading:Nasdaq drops 1.85% as higher US inflation drives Fed rate hike concerns The post Nasdaq drops 1.85% as higher US inflation drives Fed rate hike concerns appeared first on COINTURK NEWS.