S&P 500 Drops as Q3 GDP Accelerates and PCE Inflation Heats Up
Yahoo Finance ·
In live market coverage on Thursday, October 29, 2026, at 9:56 AM EDT, the S&P 500 index declined by 0.30% as third-quarter GDP figures were revised upward alongside an acceleration in PCE inflation. Individual equities faced heavy selling pressure, with FTNT tumbling 20.61%, GOOG sliding 11.62%, and CAT dropping 7.74%. Despite the hotter economic indicators and stubborn inflationary pressures, financial markets continue to price in two interest rate hikes through March, though the statistical probability of these moves is steadily diminishing.
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The S&P 500 fell 0.30% as Q3 2026 GDP growth was revised upward but PCE inflation accelerated. The market expects two rate hikes by next March, though the probability is gradually declining. Amid mixed macroeconomic indicators, a clear downward trend in stock prices was evident, centered around major tech stocks and companies with sluggish earnings.
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- Growth Stocks — As PCE inflation accelerated, concerns over prolonged high interest rates grew, increasing valuation burdens and causing stock prices to fall.
- Stock Market — The S&P 500 declined due to expanding inflationary pressure and changing rate hike expectations, dampening overall investor sentiment.
DYAX 전담 분석
Despite strong economic growth in the third quarter, increased inflationary pressure heightened uncertainty regarding the Federal Reserve's monetary policy path, acting as downward pressure on the stock market. In particular, concerns over persistent inflation burdened growth stock valuations, driving the index lower.
If inflation indicators rise further in the future, concerns over rate hikes could deepen and trigger a correction in the stock market. Conversely, if price increases slow down, it could serve as a catalyst for a market rebound. The trends of upcoming employment and inflation indicators must be closely monitored.
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