Changes in US stocks | The market is betting that interest rates will rise in October, the NASDAQ will fall 0.9%, and most star technology stocks will fall

The Zhitong Finance App learned that on Thursday, the three major US stock indices collectively opened lower. The Nasdaq index fell 0.9%, and most Star Technology stocks fell. Intel (INTC.US) and SK Hynix (SKHY.US) fell more than 4%, Micron Technology (MU.US) fell more than 3%, Nvidia (NVDA.US) and American Ultra Micro (AMD.US) fell more than 2%, and Tesla (TSLA.US) and TSM.US (TSM.US) fell more than 1%.

According to the news, the US PPI increased 5.4% year on year in August, estimated at 5.3%; the month-on-month increase was 0.4%, estimated at 0.4%. After the PPI data was released, traders have fully absorbed the expectations of the Federal Reserve's interest rate hike in October. Earlier, some Federal Reserve officials had hinted that the interest rate decision for the September 15-16 meeting might depend on what was revealed in this week's report. Federal Reserve Chairman Walsh said in a speech last month that the Federal Reserve “still has work to do” if policymakers are unsure that potential inflation trends are improving significantly.