- September CPI rose 3.7% year over year against 3.6% expected, and core CPI rose 2.6% against 2.5% expected.
- The 10-year Treasury yield climbed to 5.278% on Wednesday, the S&P 500 fell 1.11% and the Nasdaq dropped 1.88%.
- Market-based odds of a late-October FOMC quarter-point rate hike rose to roughly 47%-60% from about 22% before the CPI data.
- Information technology was the worst S&P 500 sector on Wednesday, down 3.00%, while health care gained 2.44%.
- The 10-year yield fell 10.5 basis points to 5.085% on Thursday as stocks steadied.
- Over the five sessions ended Oct 15, the State Street SPDR S&P 500 ETF Trust slipped 0.28% and the Invesco QQQ Trust fell 2.62%.
- Health care ETFs dominated the weekly leaderboard, with eight of the 15 best-performing funds in health care.
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