Stocks mixed as investors eye AI outlook; oil drops AFP Tue, November 10, 2026 at 12:00 PM EST 3 min read ANTH.PVT CL=F -0.07% NVDA -6.48% 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.
Asian and European stocks mostly gained while Wall Street slipped Tuesday after rallying from last week's tech-led rout, with AI titan Anthropic revealing staggering revenue growth ahead of an IPO that could come as soon as next week.
Oil prices meanwhile dropped further on rising hopes of a resolution to the US-Iran conflict that has sent inflation surging, forcing central banks to raise interest rates.
Higher borrowing costs could jeopardise the massive AI investments that are now facing growing scrutiny after the Democratic victories in last week's US midterm elections.
Fears of a slower AI data centre buildout sparked heavy selling across the tech sector last week, though buyers have stepped back in, with much of Wall Street opening with further gains Tuesday.
Nvidia's bombshell revelation of an affair between CEO Jensen Huang and a suspected Chinese spy also continued to roil the sector. The AI chip behemoth is now the subject of an FBI investigation.
Its shares fell a further 5.5 percent after a 4.3 percent drop Monday.
The increased AI wariness has taken a toll on Anthropic's IPO plans, after the maker of artificial intelligence chatbot Claude said it would seek to raise up to $64 billion in its hotly anticipated share sale -- well below the estimated $100 billion it was seeking just a few weeks ago.
The forecast came in a securities filing in which it revealed that revenue soared to $17 billion in the third quarter, up from just $1.4 billion a year earlier.
"The path is not clear for the AI trade, and it may continue to struggle" even if the Anthropic IPO is successful next week, said Kathleen Brooks, research director at the trading platform XTB.
The dollar rose as most investors now expect a further interest rate hike by the Federal Reserve is all but certain at next month's policy meeting.
"Inflation remains too high," Fed Governor Christopher Waller said during an address in London, ahead of data showing the US consumer price index rose 0.4 percent in October from the previous month, more than the 0.3 percent analysts expected.
That suggested an annualised rate still well above the Fed's target of two percent.
Yields on US government bonds rose, which also weighed on US equities.
International benchmark Brent crude oil prices fell below $90 a barrel for the first time since August as investors saw reasons for optimism that the US-Iran war could end soon.
"President Trump signalling that further strikes on Iran may not be necessary -- at a time when oil flows through the Strait of Hormuz are increasing and Middle Eastern exports recover towards pre-war levels -- ease supply concerns," said Axel Rudolph, chief technical analyst at online trading and investing platform IG.
Brent has plunged around 22 percent since the start of November, though it remains well above the levels before the US and Israel launched strikes against Iran in late February.
New York - Dow: DOWN 0.6 percent at 52,076.94 points
London - FTSE 100: DOWN 0.3 percent at 10, 751.59 (close)
Paris - CAC 40: UP 0.6 percent at 8,278.59 (close)
Frankfurt - DAX: UP 0.3 percent at 26,347.45 (close)
Tokyo - Nikkei 225: UP 2.9 percent at 60,459.58 (close)
Hong Kong - Hang Seng Index: UP 0.4 percent at 24,557.04 (close)
Shanghai - Composite: UP 0.1 percent at 3,663.72 (close)
Brent North Sea crude: DOWN 1.4 percent at $91.25 per barrel
West Texas Intermediate: DOWN 0.7 percent at $86.24 per barrel
Euro/dollar: DOWN at $1.1150 from $1.1221 on Monday
