U.S. Stocks Fall on Higher-Than-Expected August PPI; Nasdaq Down 1%, Semiconductor and Telecom Stocks Slide

2026-09-10 13:34:26

On September 10, U.S. stock markets fell amid stronger-than-expected August producer price inflation data. The Nasdaq declined 1%, the S&P 500 dropped 0.6%, and the Dow fell 0.2%.

The Philadelphia Semiconductor Index slid over 2%, with storage chip stocks widespread decline: SK Hynix fell about 4%, SanDisk about 3%, Micron Technology about 4%, Western Digital about 4%, and Seagate Technology about 3%. Optical communications stocks also retreated, with Marvell Technology down about 2%, Coherent down 3%, Credo down 2%, Lumentum down 3%, and Corning down 2%.

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