Stock market today: Dow, S&P 500 sink after CPI data raises Fed rate-hike bets Grace O'Donnell · Editor, Special Projects Tue, November 10, 2026 at 10:09 AM EST 2 min read ^IXIC -0.01% ^DJI -0.31% ^GSPC -0.13% US stocks were mixed Tuesday as investors digested a hotter-than-expected inflation report that cemented bets that the Federal Reserve will raise interest rates next month.
Stocks pared steeper declines after tumbling at Tuesday's open following a Monday rally. The Dow Jones Industrial Average (^DJI) fell 0.3%, while the S&P 500 (^GSPC) fell 0.2%. The Nasdaq Composite (^IXIC) hovered near the flatline.
The Consumer Price Index, released on Tuesday morning, showed prices rose 0.4% in October from a month earlier, higher than the 0.3% economists were expecting but cooler than September's 0.6% gain. October's CPI report did not include annual inflation figures because last year's government shutdown limited the data available.
Traders now overwhelmingly expect the Fed to hike interest rates by 25 basis points, with a subset of Fed watchers expecting a 50 basis point jumbo hike. Recent comments by Fed governor Chris Waller reinforced those bets, as he noted he would be open to a larger hike.
Go deeper with AlphaSpace 52,229.87 -159.88 (-0.31%) As of 10:10:00 AM EST. Market Open. ^DJI ^GSPC ^IXIC 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 continued to edge lower on Tuesday morning after falling over 4% the day before.
In other tech news, Anthropic began its roadshow and released an updated filing ahead of its highly anticipated IPO. The AI lab is forging ahead with its public debut despite recent tech stock volatility and is seeking a valuation of $1.4 trillion.
Oil prices are falling, with Brent crude (BZ=F), the international benchmark, and WTI crude (CL=F), the US benchmark, declining by around 3%.
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.
