US Pre-Market 15 October 2026: PPI +1.3% Against 0.6% Forecast; KOSPI -7.57%, Nasdaq Futures -1.06%
Sentiment: bearish S&P 500 futures: -0.23%
Nasdaq 100 futures are -1.06% and S&P 500 futures -0.23% at 8:35am ET on 15 October 2026, after South Korea's KOSPI fell 7.57% on a memory chip rout and September producer prices rose 1.3% on the month against a 0.6% Dow Jones forecast. RKLB.US is -9.54% pre-market after Rocket Lab pushed the first Neutron launch to 2027, and SKHY.US is -6.74% after SK Hynix fell more than 11% in Seoul, per CNBC. Retail sales rose 0.8% against a 0.3% forecast, a second hot print a day after CPI ran 3.7% on the year.
Overnight drivers
- Producer prices: final demand PPI rose 1.3% in September and 6.3% on the year, per the Bureau of Labor Statistics, against a Dow Jones consensus of 0.6% and 5.5% cited by CNBC. Energy jumped 10.8% and goods 2.6%; services rose 0.8%, and final demand less foods, energy and trade services rose 0.5%.
- Retail sales: September sales rose 0.8% to $745.0 billion and 6.3% on the year, per the Census Bureau, which revised August up to 1.3% from 1.1%. Initial jobless claims rose 1,000 to 199,000 for the week ended 10 October, per the Labor Department.
- Memory chips: SK Hynix fell more than 11% and Samsung Electronics nearly 10% in Seoul, per CNBC. ChangXin Memory plans a higher-density server memory product, and a Maeil Business Newspaper column cited expectations of a supply glut in 2029. STX.US is -5.64%, SNDK.US -5.21% and MU.US -4.21%.
- AI funding: CRWV.US is -3.65% after Wednesday's 15.46% loss on concern over its borrowing. Sources told CNBC that Anthropic's third-quarter revenue reached $16.8 billion, and CNBC reported trader concern that the growth does not justify chipmaker gains. HPE.US is -4.23% and AMD.US -3.12%.
- Oil and Hormuz: Brent is -1.69% at $104.27 and WTI -0.16% at $93.75 after a Singapore-registered ship sank in the Strait of Hormuz, per CNBC. Gold is +1.60% to $4,173.70 and the US Dollar Index -0.42% to 102.12.
Wednesday on Wall Street
The S&P 500 closed at 7,718.94 on 14 October 2026, down 1.11%, as technology fell 2.98% on hot CPI and AI debt concern.
- S&P 500: 7,718.94 (-1.11%)
- Nasdaq: 26,692.87 (-1.88%)
- Dow: 51,621.48 (-0.09%)
- Russell 2000: 2,729.53 (-1.93%)
- VIX: 17.51 (+3.79% pre-market)
The Nasdaq posted its biggest one-day decline since 23 July, per CNBC. The 10-year Treasury yield closed Wednesday at 5.19%. Dow futures are +0.36% and Russell 2000 futures +0.32% this morning, against the Nasdaq 100's 1.06% fall.
Overnight Asia and Europe
South Korea's KOSPI closed at 5,554.22 on 15 October 2026, down 7.57%, after the exchange halted main-board trading for the tenth time this year, per BigGo Finance. SoftBank Group fell 7.9% and Tokyo Electron 5.4%, per CNBC.
- Nikkei 225: 64,425.95 (-4.90%)
- KOSPI: 5,554.22 (-7.57%)
- Taiex: 46,969.87 (-3.41%)
- Hang Seng: 24,062.72 (-1.03%)
- Shanghai Composite: 3,707.48 (-1.59%)
- STOXX 600: 637.32 (-0.07%)
- DAX: 25,204.69 (-0.37%)
- CAC 40: 7,899.59 (+0.34%)
- FTSE 100: 10,808.79 (+0.78%)
European technology stocks fell 3.32% in early trade, per CNBC, while Ericsson rose about 7.5% after third-quarter adjusted EBITA of 10.1 billion krona against 7.87 billion expected. Euro zone industrial production fell 0.5% in August, per Eurostat. EWY.US is -6.13% pre-market.
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| PAG.US | +8.44% | Penske Corp. and Mitsui entity to buy it for $212 a share in cash |
| WMT.US | +2.79% | Deutsche Bank upgraded to buy from hold, citing 2027 margins |
| LLY.US | +1.26% | Unannounced, likely flow-driven. |
| RKLB.US | -9.54% | First Neutron launch moved to 2027 after a propellant dome issue |
| SKHY.US | -6.74% | SK Hynix fell more than 11% in Seoul |
| WDC.US | -5.66% | Memory and storage names fell with SK Hynix and Samsung |
| DELL.US | -4.44% | Extends Wednesday's 11.27% loss after a Barclays downgrade |
- TSM.US -2.58% after net income of NT$763.1 billion beat the NT$746.34 billion LSEG estimate, per CNBC. TSMC guided fourth-quarter revenue to $52.3 billion to $54.3 billion and said capital spending from 2026 to 2028 would exceed the previous three years.
- SCHW.US -2.37% after adjusted EPS of $1.69 against $1.65 expected and revenue of $7.2 billion, per Newsquawk. PNC.US is -1.99% after adjusted EPS of $5.09 against about $4.91, with revenue of $6.6 billion slightly below forecast. USB.US is flat at -0.04% on EPS of $1.34 against $1.32.
- NVDA.US -1.61%, with SMH.US -2.26% and QQQ.US -1.15%; AAPL.US is +0.64% and JPM.US +0.68%.
US economic calendar today (ET)
- 8:30am (released): September PPI +1.3% m/m, 6.3% y/y; September retail sales +0.8%; initial jobless claims 199,000.
- After the close: Alcoa, Interactive Brokers and J.B. Hunt report third-quarter results, per Investrade.
- Fri 16 Oct, before the open: Truist, Travelers, M&T Bank and Citizens Financial report.
What to watch
- XLF.US is +0.74% and KRE.US +0.63% pre-market against SMH.US -2.26%; Dow futures +0.36% against Nasdaq 100 futures -1.06%.
- PPI energy +10.8% and retail sales +0.8% follow Wednesday's 3.7% CPI; New York Fed President John Williams said on 14 October that one more rate hike this year is appropriate, per Bloomberg.
- VIX is 17.51, up 3.79%, after closing at 16.87 on Wednesday.
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