US open: hot PPI but 10Y yield fell as AI stocks sold off
The short answer
Hot PPI, yet the 10Y fell 15bp to 5.04%. Reuters: the AI selloff is pushing investors back into bonds.
Key figures (as reported)
- NQ -1.2% (-377 pts, ~$750/MNQ)
- ES -0.4%
- Dow +0.1%
- CoreWeave $CRWV -9.2%, Dell -10.5%, TSMC -5.1% despite record profit.
Sources
More from the newsroom
- Sept PPI +1.3% vs 0.6% est, retail sales +0.8% vs 0.3%, 15 Oct
- First PPI + Retail Sales check since hotter Sept CPI, 15 Oct
- Crypto fell less than tech this week: Bitcoin -1.4%, Nasdaq 100 -5.5%, CoreWeave -25%
- Bitcoin barely moved all weekend: +0.4% since Friday's stock close; Anthropic reportedly offered 10% on AI chip debt