AI rout deepens: Nasdaq futures sink, Kospi falls 7.6%, PPI and retail sales at 8:30
Five things to know before the open on Thursday, October 15.
Toast & Tickers · Thursday, October 15, 2026 · 8:00 AM ET
Five things to know before the open.
1. The AI selloff rolls into a second day
CoreWeave fell 4.5% in premarket trading after a 15% drop Wednesday, and Oracle slid 2% after a near 9% fall, with both companies' bonds under pressure (Reuters). The Journal's 7:15 AM list of premarket decliners had Intel down nearly 4%, Micron 4.5% and Super Micro and Marvell down 3.5% to 4%. Wednesday was the Nasdaq's and S&P 500's biggest one-day drop since July (Reuters). See our CoreWeave story and Dusk Ledger.
2. Seoul and Tokyo plunge
South Korea's Kospi lost 7.6% to 5,554.22, and Japan's Nikkei 225 fell 4.9% (AP, CNBC). SK Hynix fell more than 11% and Samsung Electronics nearly 10% (CNBC). Details in our Asia story.
3. TSMC posts a record, then sounds cautious
TSMC reported its sixth straight record quarterly profit but struck a cautious note for 2027 on macroeconomic uncertainty (Reuters). CNBC reported net profit of NT$763.1 billion, above expectations. Our full story is here.
4. PPI and retail sales at 8:30, and Fed odds
Producer prices are due at 8:30 AM ET, with September retail sales and jobless claims also on the schedule (Reuters). Charles Schwab, US Bancorp, Freeport-McMoRan, American Airlines and Snap report earnings (TradingView). CME's FedWatch showed a 27% chance of a rate hike this month and 67% for a 25 basis point hike in December (Reuters); Reuters noted futures briefly showed as much as 50-50 odds of an October hike after Wednesday's inflation data. Fed Chair Kevin Warsh is scheduled to speak at the IMF meeting in Bangkok (Reuters). Background: CPI story and Fed odds story.
5. Oil eases, gold and bitcoin
Brent traded around $104 a barrel as the US considered easing sanctions on ships carrying Russian, Iranian and Venezuelan oil (Reuters). More in our oil story. Gold rose more than 1% as the dollar and Treasury yields softened (Reuters). Bitcoin slid to about $81,000 after the inflation data (Investing.com).