Nasdaq Enters Correction Ahead of Inflation Data

U.S. stocks entered the week under pressure after a sharp selloff in AI and semiconductor shares pushed the Nasdaq into correction territory and drove the S&P 500 lower. Investors are watching October consumer-price data for clues about inflation and the Federal Reserve’s next steps, alongside updates on housing and employment and earnings from major technology companies. The week’s other key data release is U.K. third-quarter GDP. Political uncertainty after Democrats’ midterm victories has also added to concern that greater scrutiny could slow AI infrastructure expansion.