Stock market today: Dow, S&P 500, Nasdaq trade mixed ahead of key inflation data Grace O'Donnell · Editor, Special Projects Updated Tue, November 10, 2026 at 8:42 AM EST 1 min read NVDA -1.98% CL=F -2.77% ^DJI +2.15% ^GSPC +2.35% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stock futures were little changed on Tuesday morning as investors awaited a key inflation report that could sway the Federal Reserve's interest rate decision next month.
Futures on the Dow Jones Industrial Average (YM=F) rose 0.3%, while those on the S&P 500 (ES=F) also edged higher. Contracts for the Nasdaq-100 (NQ=F) fell 0.3% after stocks rallied on Monday.
Investors will be watching for the release of the Consumer Price Index, which is expected to show cooling inflation. Economists forecast inflation to rise 0.3% from a month earlier, and core inflation, which excludes food and energy prices, to tick down to 0.2%.
Nvidia (NVDA) investors continue to reel from the board's investigation into CEO Jensen Huang following reports of his affair with an alleged Chinese spy. Nvidia stock rebounded slightly on Tuesday morning after falling over 4% the day before.
Oil prices are falling, with Brent crude (BZ=F), the international benchmark, and WTI crude (CL=F), the US benchmark, declining by over 2%.
While most of the third quarter earnings season is in the rearview mirror, Nvidia-backed neocloud CoreWeave (CRWV) and quantum computing stocks Quantum (QBTS) and Rigetti Computing (RGTI) report results after the bell today.
The latest CPI data is out, and the report showed that inflation came in hotter than expected in October but still cooled from the previous month.
The Consumer Price Index rose 0.4% in October from a month earlier, higher than the 0.3% economists were expecting but below September's 0.6% gain. Core inflation, which strips out volatile food and energy prices, rose 0.3%, coming in above the 0.2% economists were expecting to match September's levels.
October's report didn't include annual inflation figures because the Bureau of Labor Statistics was unable to publish full October 2025 data due to the government shutdown last year. But some economists estimate that inflation accelerated slightly on a year-over-year basis.
Rising energy prices weighed heavily on September's report, but October's price increases were less dramatic. Energy costs rose 0.7% last month, down from 5.2% in September.
Housing costs were a major contributor to October's price increases, rising 0.3%, while food costs were up 0.5%.
Anthropic took one step closer to one of the largest initial public offerings in history on Tuesday, unveiling that it plans to sell 825 million shares at $70 to $78 apiece.
The Claude chatbot maker could raise as much as $64.4 billion through the offering, valuing the company at more than $1 trillion at the top of the proposed range, according to its updated IPO paperwork
The new terms follow an unusual reversal late Monday, when Anthropic circulated and then retracted earlier IPO details indicating it would sell roughly 867 million shares at $70 to $80 each, according to a Reuters report. The company told bankers those figures were inaccurate.
The offering comes amid growing Wall Street concerns about AI valuations and the enormous spending required to develop the technology.
Separately, Anthropic has secured $26 billion in planned investments from seven technology companies, including Google, Nvidia and Microsoft, through a private placement tied to the IPO.
Goldman Sachs and Morgan Stanley are leading the public offering.
With 2026 in its final stretch, Wall Street looks poised for another banner pay year.
Bonuses for most finance workers, which will be doled out by early 2027, are projected to rise for a third straight year. That's according to third quarter projections published Tuesday by Johnson Associates, a Wall Street pay consultancy that has for over three decades charted annual compensation for finance workers.
"We were not expecting 2026 to be as good a year for pay as it turned out to be," Alan Johnson, the firm's founder and president, said in an interview. "We're at the top of the mountain," he added.
The odds of a Fed rate hike are creeping upward. A strong jobs report last week cemented the argument further for another raise, Yahoo Finance's Hamza Shaban reports:
And inflation figures coming later today are expected to confirm that pricing pressures remain stubbornly high.
Together, that's a compelling case — elevated pricing pressures call for a hike, while healthy jobs figures provide cover for tamping down the economy.
The odds for a 25 basis point hike at the Fed's December meeting are over 80%, according to the CME FedWatch Tool.
But a new analysis from DataTrek co-founder Nicholas Colas suggests that the recent volatility on Wall Street is also doing some heavy lifting for the Fed — potentially removing the need for subsequent hikes next year.
Dip buyers didn't wait long. Two sessions after the S&P 500's worst day in 18 months, stocks added more than $1.6 trillion in value, even as Nvidia kept sliding, Yahoo Finance's Jared Blikre reports:
The S&P 500 (^GSPC) was up about 2.3% Monday afternoon, its best day in seven months, while the Nasdaq-100 rose more than 3.4%, its best since May 2025.
Chip stocks did the heavy lifting. AMD (AMD) and Broadcom (AVGO) jumped roughly 9% to 13%, adding more than $200 billion in combined market value — more than Nvidia's (NVDA) loss. Micron (MU), Applied Materials (AMAT) and Lam Research (LRCX) also climbed.
The hole is deep. The S&P 500 lost 4.4% on Nov. 5 — its worst day since the April 2025 tariff tantrum — and the Nasdaq (^IXIC) closed Friday about 11% below its Oct. 6 record, putting it in correction territory.
Fidelity and Vanguard recently released long-term forecasts for stock market returns, and both companies delivered a sobering outlook for retirees: Long-term investment returns are either modest or expected to decline.
Vanguard's 10-year outlook suggests that U.S. stocks will deliver an average annual return between 4.8% and 6.8% over the next decade. Fidelity's 20-year forecast projects an annualized return of 5.8% for U.S. stocks, or about 3.2% after inflation. That compares with the S&P 500's historical average of roughly 10% since it launched in 1957.
For retirees, these projections could translate to slower growth over time and less money in their retirement accounts if these predictions hold or decrease.
Federal Reserve governor Chris Waller said Tuesday that he is leaning toward raising interest rates by a quarter percentage point in December. If October inflation data released Tuesday morning is hot, he's willing to raise rates by 50 basis points next month.
"Inflation is too high … this means that even if, as I expect, the monthly rate of inflation improves in October, I am leaning toward supporting an increase in our policy rate of 25 basis points at the FOMC's December meeting," Waller said in a speech in London.
But if the October inflation data comes out higher than expected, then stronger action may be needed, Waller said. "In that case, I believe a 50 basis point hike in the policy rate should be considered at the December meeting," he said. "Hiking only 25 basis points would put our credibility at risk, a risk I am not eager to take."
Economic data: ADP's weekly employment change, Consumer Price Index (CPI) month-over-month (0.3% expected, 0.6% previous), core (CPI) month-over-month (0.2% expected, 0.3% previous)
Earnings calendar: CoreWeave (CRWV), Petróleo Brasileiro (PBR), TransDigm Group (TDG), Honda Motor (HMC), Sea (SE), Alcon (ALC), Ecopetrol (EC), Venture Global (VG), Hesai Group (HSAI), Embraer (EMBJ), On Holding (ONON), KT (KT), Legend Biotech (LEGN), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), Wix.com (WIX), StubHub Holdings (STUB), Sonos (SONO), eToro Group (ETOR)
Catch up on some top stories from overnight:
Vanguard and Fidelity have a warning for retirement savers
Gold holds gain above $4,100 as lower oil eases inflation woes
Nvidia CEO probe will 'force' succession plan, tech investor says
Anthropic reportedly plans to move forward with IPO plans
Celebrity chef Robert Irvine on the big mistake fast food giants are making
