What Happened?

A number of stocks fell in the afternoon session after the major indices pulled back and tech-oriented equities fell as the Bureau of Labor Statistics reported a hotter-than-expected September inflation print, pushing Treasury yields higher. 

As detailed by the Bureau of Labor Statistics, the consumer price index rose 3.7% year-over-year in September, topping the 3.6% estimate from economists polled by Dow Jones. According to CNBC, core inflation—which excludes volatile food and energy costs—climbed 2.6% annually against expectations of 2.5%. Following the print, CNBC market data showed the 10-year Treasury yield climbed over six basis points to 5.278%, while the 30-year yield advanced past 5.59%. According to market commentators, rising yields intensify pressure on equity valuations as third-quarter corporate earnings get underway. 

In remarks carried by CNBC, Franklin Templeton Institute head investment strategist Jeff Schulze noted that pressure across the long end of the curve acts as a severe valuation headwind for risk assets. Financial analysts explain that higher benchmark yields mechanically elevate the discount rate applied to corporate earnings, compressing the multiples investors are willing to pay for equities. Ultimately, CNBC noted that when sticky inflation dampens expectations for monetary easing, the repricing falls heaviest on high-multiple growth and gig-economy sectors whose projected cash flows sit furthest in the future.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Financial Technology company LendingTree (NASDAQ: TREE) fell 4.1%. Is now the time to buy LendingTree? Access our full analysis report here, it’s free.
• Social Networking company Pinterest (NYSE: PINS) fell 2.1%. Is now the time to buy Pinterest? Access our full analysis report here, it’s free.
• Social Networking company Snap (NYSE: SNAP) fell 4.2%. Is now the time to buy Snap? Access our full analysis report here, it’s free.
• Gig Economy company Uber (NYSE: UBER) fell 3.1%. Is now the time to buy Uber? Access our full analysis report here, it’s free.
• Gig Economy company Angi (NASDAQ: ANGI) fell 4.7%. Is now the time to buy Angi? Access our full analysis report here, it’s free.

Zooming In On Angi (ANGI)

Angi’s shares are extremely volatile and have had 47 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 5 months ago when the stock dropped 33% on the news that the company reported disappointing first-quarter results that included a revenue miss and a swing to a net loss from a profit a year ago. The company's revenue for the quarter was $238.2 million, representing a 3.2% year-over-year decline and falling short of analyst expectations. Angi also posted a GAAP loss of $0.22 per share, a significant reversal from the $0.30 per share profit in the same quarter last year. The weaker quarter was also marked by a significant cash burn of $33.6 million. While the company did beat analysts' estimates for its bottom line and adjusted EBITDA, these positives were not enough to outweigh the top-line weakness and deteriorating profitability, prompting a sharp sell-off in the stock.

Angi is down 52.5% since the beginning of the year, and at $6.02 per share, it is trading 57.7% below its 52-week high of $14.23 from October 2025. Investors who bought $1,000 worth of Angi’s shares 5 years ago would now be looking at only $45.26.

ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.

AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.