AM 15 Oct 26: Wall Street tumbles as US inflation climbs

Wall Street tumbled overnight as hotter-than-expected US inflation fuelled expectations of further Federal Reserve rate hikes, while heavyweight AI and chip stocks extended their losses. The ASX is also under pressure after yesterday's decline, but what could the latest developments on Wall Street mean for local trading today? Plus, why concerns are growing over the debt levels of companies financing the AI boom.

Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator at CommSec, as they take you through all the key numbers.

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