📊 Hot inflation data and an AI selloff pulled stocks lower. The Nasdaq fell 1.88%, the S&P 500 dropped 1.11% and the Dow slipped 0.09%. September CPI rose 0.6% on the month and 3.7% on the year, above the 3.6% expected, with core at 0.3% and 2.6%, both a tick hot. ☁️ CoreWeave ($CRWV) nosedived 15.46% to $65.78 as worries mounted about how much debt tech companies outside the Magnificent Seven are taking on for the AI buildout. Its bonds got hit too, with the 2032 notes yielding 14.8%. Oracle ($ORCL) fell almost 9%. 🏦 Bank of America ($BAC) declined almost 5% after third quarter revenue missed. Regulators also hit the bank with more than $1.2 billion in federal penalties for failing to report over $5 billion in suspicious transactions. Morgan Stanley ($MS) beat expectations but still closed nearly 3% lower. 🥄 Bending Spoons ($BSP) ripped 41.20% to $53.46 after filings showed Berkshire Hathaway put another $330 million into the Italian serial acquirer, taking its stake to 4%. That follows $600 million invested during July’s Nasdaq IPO. 🥇 Morgan Stanley sees gold reaching $5,000 an ounce by the second quarter of 2027, keeping it as the bank’s top commodity pick. Strategist Amy Gower says central bank buying and ETF inflows have pushed prices above $4,000 even though the old relationship with real yields would put gold under $3,000. 🛢️ U.S. oil majors hit record intraday highs as crude climbed on Saudi-Houthi fighting and Iranian attacks on Hormuz shipping. Exxon reached $177.36, Chevron $222.20 and ConocoPhillips $142.50. WTI settled up 1.01% at $95.09, with gasoline averaging $4.33 a gallon against $3.08 a year ago. 👨🏻💻 Researched and written daily by @timemino
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