Weekly Market Brief: October 15, 2026

Market pulse

Stocks closed mixed-to-higher Thursday in a sharp rotation away from AI and tech: the Dow jumped 556 points on strong bank earnings while the Nasdaq barely held gains after opening down more than 1%. The macro story was back-to-back hot inflation prints — Wednesday's 3.7% September CPI followed by Thursday's core PPI surge of 0.7% m/m, the biggest in four years — which has pushed October Fed rate-hike odds sharply higher. Paradoxically, a global flight to safety drove the 10-year Treasury yield down about 12bp to roughly 5.06%, a three-week low, while gold rebounded above $4,150 and crude settled near $98 on Middle East supply risk. The thing to watch: whether rate-hike pricing keeps climbing into the Fed meeting, and whether the AI-spending unwind broadens beyond semis.

Market News 7 stories 🔒 Full stories in Pro

1. Dow Surges 556 Points as Investors Rotate Out of AI Trade; S&P 500 and Nasdaq Eke Out Gains
2. Wholesale Inflation Explodes: September PPI Jumps 1.3% on the Month, 6.3% Annually
3. Hot September CPI Revives Fed Rate-Hike Bets Ahead of Oct. 27-28 Meeting
4. Chip Rout Deepens: More Than $1 Trillion in AI Market Value Erased This Week
5. TSMC Posts Sixth Straight Record Quarter — and Shares Still Fall 4%
6. Jensen Huang Says Nvidia Would Cut Off Customers Building 'Unsafe' AI
7. Bank Earnings Split: Goldman Blows Out Estimates While JPMorgan Misses and BofA Stumbles

Stocks to Watch 13 🔒 Our take on each in Pro