Stocks Waver as Inflation Data Fuels Fed Rate-hike Bets
WHO:
Bloomberg Markets - Phil Neuhart, Director of Market and Economic Research at First Citizens Bank, and Ajay Rajadhyaksha, Global Chairman of Research at Barclays, commented on October inflation data and its market impact.
Yahoo Finance - Investors reacted to U.S. inflation data; economists had forecast a smaller monthly increase.
Yahoo Finance - Federal Reserve officials and rate watchers were involved in expectations for an interest-rate increase; Governor Chris Waller said he was open to a larger hike.
Yahoo Finance - Nvidia’s board is investigating CEO Jensen Huang following reports of his relationship with an alleged Chinese spy.
ABC News - Nvidia said Huang acknowledged an intimate relationship with a business executive whom The New York Times reported U.S. intelligence had determined was gathering information for China. Nvidia’s board said it had “no reason to believe” national security or company secrets were compromised. China rejected the allegations.
Yahoo Finance - Anthropic began its roadshow and released an updated filing ahead of its planned IPO.
ABC News - Taiwan Semiconductor Manufacturing Co. reported October revenue after the market closed; SoftBank Group reported a $7 billion loss for the three months through September.
WHAT:
Bloomberg Markets - Treasury yields jumped as inflation fueled expectations that the Federal Reserve would continue raising rates; stocks trimmed losses as chipmakers rebounded.
Yahoo Finance - The Dow Jones Industrial Average fell 0.3%, the S&P 500 fell about 0.4%, and the Nasdaq Composite dropped 0.7%.
Yahoo Finance - October’s Consumer Price Index rose 0.4% from the previous month, versus economists’ 0.3% forecast and September’s 0.6% increase. The report did not include annual inflation figures because last year’s government shutdown limited available data.
Yahoo Finance - Traders overwhelmingly expected a 25-basis-point Federal Reserve rate increase, while some expected a 50-basis-point increase.
Yahoo Finance - Nvidia shares fell more than 5%, after dropping over 4% the previous day.
Yahoo Finance - Anthropic was seeking a $1.4 trillion valuation. ABC News reported its regulatory filing sought a $1.3 trillion valuation; the company reported quarterly revenue of $17 billion, a net loss for the latest three-month period, and a commitment to spend $895.4 billion on AI computing and infrastructure, including $70 billion in the next 12 months.
Yahoo Finance - Brent and U.S. WTI crude prices each declined around 1%.
ABC News - Brent crude fell 2.2%, or $2.02, to $90.55 per barrel; U.S. crude fell 1.8%, or $1.65, to $84.94.
ABC News - Taiwan’s Taiex rose 2.5%; Japan’s Nikkei 225 gained 2.9% to 60,459.58; South Korea’s Kospi rose 4.4% to 5,239.13; Hong Kong’s Hang Seng gained 0.6% to 24,584.81; and Shanghai’s Composite rose 0.1% to 3,663.72.
ABC News - SoftBank shares rose 13.9%; Tokyo Electron gained 6.1%, Advantest 4.6%, Samsung Electronics 4.7%, and SK Hynix 6.7%. Taiwan Semiconductor Manufacturing Co.’s October revenue was nearly six times its year-earlier level.
ABC News - China’s October exports increased 35.2% year over year and imports rose 41.6%. Its 2026 trade surplus had already exceeded $1 trillion.
ABC News - Germany’s DAX and France’s CAC 40 each rose 1.2%; Britain’s FTSE 100 gained 0.5%.
Yahoo Finance - CoreWeave, Quantum, and Rigetti Computing were scheduled to report earnings after the market close.
WHERE:
ABC News - Trading updates covered U.S., Asian, and European markets; Anthropic is based in San Francisco.
WHEN:
Yahoo Finance - The CPI report was released Tuesday morning; October inflation data was reported, and the rate movements followed a U.S. stock rally on Monday.
ABC News - The October CPI report was due later Tuesday; Anthropic’s IPO was expected later this month.
WHY:
Yahoo Finance - Stocks declined after inflation came in hotter than expected, strengthening bets on a Federal Reserve rate increase.
ABC News - Investors expected rising inflation to prompt the Federal Reserve to raise its benchmark rate in the coming months.
HOW:
ABC News - Before the opening bell, S&P 500 futures rose 0.1%, Dow futures gained 0.3%, and Nasdaq futures fell 0.3%.
ABC News - Brent crude’s decline followed President Trump’s statement that the war in Iran “militarily is effectively over.”
(UPDATED November 10, 2026 23:01 UTC)
U.S. stocks fell as hotter-than-expected inflation strengthened expectations of Federal Reserve rate hikes. Consumer prices rose 0.4% in October, above economists’ forecast. Nvidia shares dropped as its board investigated CEO Jensen Huang’s reported relationship.
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(UPDATED November 10, 2026 22:07 UTC)
Hotter inflation pushed U.S. stocks lower and strengthened expectations for a Federal Reserve rate increase. Nvidia shares fell as its board investigated CEO Jensen Huang over alleged China ties. Asian markets rallied, while SoftBank reported losses and Taiwan Semiconductor revenue surged.