The Market Wrap, Tuesday, November 10, 2026

Stocks slipped Tuesday after October inflation came in hotter than expected, according to closing figures from CNBC and Reuters. The S&P 500 fell 29.01 points, or 0.38%, to 7,520.93. The Dow Jones Industrial Average lost 157.86 points, or 0.30%, to 52,231.89. The Nasdaq Composite dropped 187.26 points, or 0.74%, to 25,065.87.

The Consumer Price Index, a gauge of everyday prices, rose 0.4% in October, the U.S. Bureau of Labor Statistics reported. Economists expected 0.3%, and traders now fully expect a Federal Reserve rate hike in December, Reuters reported.

Santa Clara’s Nvidia fell 5.47% to $168.89 as its board investigates spy claims tied to Chief Executive Jensen Huang, Reuters reported.

San Francisco AI company Anthropic set a range of $70 to $78 a share for its planned Nasdaq debut, an offering worth up to $64.4 billion, its federal filing shows. Seven tech companies, including Nvidia, AMD and Google, agreed to buy $26.0 billion more.

After the bell, New Jersey AI cloud company CoreWeave reported third-quarter revenue of $3.66 billion, more than double a year earlier, and a $709 million loss, its release shows.

The 10-year Treasury yield, which guides mortgage rates, rose 13.6 basis points, or hundredths of a percentage point, to 4.998%. Higher yields can raise loan costs, and stock funds in 401(k) accounts dipped slightly.

Source: CNBC S&P 500 quote, Nasdaq Composite quote, BLS October CPI release, Anthropic S-1/A filing, CoreWeave earnings release, Reuters and Investopedia.