S&P 500 fell 1%, Nasdaq fell 1.88% on inflation and AI sell-off

On October 14, 2026, the S&P 500 fell 1% and the Nasdaq Composite dropped 1.88% to 26,692.87, CNBC reported, amid hot inflation data — broadly rising consumer prices — and selling in AI-related stocks. I read this as rate risk meeting tech risk, a mix that hurts borrowers and long-duration growth investors first.