US Stock Market Today: S&P 500 Futures Rebound On Stubborn Inflation Higher-For-Longer Risk Sasha Jovanovic Wed, November 11, 2026 at 8:14 AM EST 7 min read ^GSPC -0.38% CHTR -1.20% SKYD +0.98% MRNA +1.08% Explore stocks 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 equities are set for a cautious but firmer open, with sentiment driven almost entirely by another hot inflation print. Investors are reading the rebound in futures as a reluctant embrace of higher for longer rates.
The October CPI report showed headline prices up 0.4% month on month and core inflation at 0.3%. Those figures, alongside hawkish recent Fed comments, keep a December move of at least 25 bp firmly on the table in market pricing.
Sticky inflation matters because it pushes up expectations for future borrowing costs. That can pressure valuations for interest rate sensitive sectors and compress profit expectations for businesses that rely heavily on refinancing or floating rate debt.
The unresolved question now is how long the Fed can lean on restrictive policy without weakening momentum in earnings and employment. Upcoming PPI data and a heavy slate of Fed speeches over the next two days could either reinforce or undermine today's rate path assumptions.
AMD is in focus after reports that it is partnering with Samsung Electronics to improve semiconductor manufacturing test infrastructure. That points to deeper cooperation across the chip supply chain and potential efficiency gains in production. Traders will be watching for more detail on scope, timelines, and whether the effort touches high demand AI related products.
Micron Technology is part of an AI linked upswing after CoreWeave reported stronger than expected Q3 revenue and raised its 2026 outlook. The cloud provider highlighted demand tied to AI, which has drawn attention back to memory suppliers. Investors are watching whether this enthusiasm carries into Micron's next update on pricing and capacity plans.
Salesforce is buying Cresta, a voice AI agent company, as customer experience vendors consolidate. The deal adds AI powered call center tools to Salesforce's existing software stack and could deepen its role in customer support workflows. Clients and shareholders will be watching for clarity on integration, data protection, and how the acquisition feeds into pricing across CX products.
Charter Communications (CHTR) jumped 10.61% after launching a US$1.5b tender offer for long dated notes.
Take-Two Interactive Software (TTWO) gained 8.31% as Grand Theft Auto VI preorders ran far above management expectations.
Rocket Lab (RKLB) advanced 6.54% on record Q3 revenue, a US$3.6b backlog and new Neutron launch contracts.
Skydance (SKYD) declined 7.59% after investors reacted to new layoff reports, ongoing cost-cutting measures, and merger updates.
AngloGold Ashanti (AU) declined 5.56%.
For US investors, the next few sessions revolve around how fresh inflation, housing data and a packed Fed speech schedule intersect with heavyweight earnings from retail and media leaders.
MBA 30 Year Mortgage Rate, Wed 11 Nov, keeps the focus on US housing affordability. The previous weekly rate sat at 7.3%, and a move higher would tighten conditions further for homebuilders and listed real estate stocks.
Initial Jobless Claims, Thu 12 Nov, carries a consensus of 195K versus 189K previously. Any figure meaningfully above that range would hint at a softer labour backdrop that could ease pressure on the Fed's December decision.
Existing Home Sales, Thu 12 Nov, lines up against a prior 3.99m and a 3.98m consensus. This ties directly into realtor activity, mortgage-sensitive lenders and home improvement retailers that rely on housing turnover.
US PPI and Core PPI MoM, Fri 13 Nov, pit forecasts of 0.4% and 0.3% against prior readings of 1.3% and 0.7%. A hotter outcome would reinforce the higher for longer rate story already pressuring growth stocks.
Retail Sales and control group MoM, Tue 17 Nov, compare against October forecasts of 0.6% headline, 0.5% ex autos and 0.1% for the control group. Any upside surprise into that range would help consumer-facing names into the holiday stretch.
Tech: AI buzz, rate worries cap upside
Tech has slipped over the past week and month even though the 1 year return remains positive. Hotter October CPI keeps the pressure on rate cut hopes, which tends to weigh on sectors where a lot of the value sits in future earnings.
If you own broad US tech ETFs, the key near term swing factor is how Fed speakers talk about December after today's CPI and Friday's PPI, because a tougher tone can keep funding costs higher for cloud, AI and data center spending plans.
Semiconductors: Chip stocks slump despite AI headlines
Semiconductors fell about 7.8% over the last 7 days and are weaker again over 30 days, even though 12 month returns and year to date numbers are still ahead of the US Market. Nvidia export headlines, congressional bills on AI chips and mixed data center commentary mean this group now moves as much on Washington and hyperscaler budgets as on phones or PCs.
For anyone holding chip ETFs or AI hardware stocks, keep an eye on upcoming comments from big equipment makers and cloud providers about 2027 capex plans, because any sign of slower ordering can extend this pullback even with CoreWeave style strong AI demand stories in the news.
Energy & Oil and Gas: Strong year, inflation and inventory overhang
Energy and Oil and Gas are each up a little over 31% to 33% across the past 12 months but have retreated over the last week and month. The recent 9.0 million barrel build in US crude inventories and softer oil help explain why these sectors lag while the market debates higher for longer rates after October CPI.
If your portfolio includes US producers or pipelines, the weekly EIA crude and gasoline stock data plus tomorrow's US jobless claims are worth watching, because any combination of rising inventories and weaker labour data can reinforce the idea that demand is softening, which usually caps share prices even when dividends look attractive.
Real Estate: REITs lean on rate pause and housing data
Real Estate has edged higher over the last 7 and 30 days and is ahead of the US Market year to date and over 12 months. With the MBA 30 Year Mortgage Rate previously at 7.3% and fresh Existing Home Sales due Thursday, investors are treating every housing data point as a check on how long REITs can support current payouts while debt stays expensive.
If you hold REITs or property heavy funds, focus on Thursday's Existing Home Sales and today's mortgage rate print, since any renewed hit to housing turnover or another move higher in borrowing costs can quickly show up in refinancing terms, cap rates and management commentary on dividend policy.
Healthcare & Pharmaceuticals & Biotech: Trial news supports a defensive tilt
Healthcare and Pharmaceuticals & Biotech have both risen over the last week, with 7 day returns ahead of the US Market and strong 1 year gains. Recent drug and device headlines from Johnson & Johnson, Eli Lilly, Merck and several smaller biotechs keep the focus on pipelines rather than day to day economic data.
For investors leaning on Healthcare as a shock absorber, today's CPI mix and Friday's PPI still matter, because changes in medical and shelter costs can influence reimbursement debates, insurer margins and how this defensive sector stacks up against Consumer Staples and Utilities in a higher for longer rate setup.
With the MBA 30 Year Mortgage Rate previously at 7.3% and housing data in focus, income seekers can start with this list of 5 dividend fortresses
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