Stock Market Close (Nov. 10, 2026): Stocks Slip After Hot CPI
The S&P 500 fell 0.4% and the Nasdaq 0.7% on Tuesday, Nov. 10, 2026, after a hotter-than-expected inflation report lifted bets on a Fed rate hike.
U.S. stocks gave back part of Monday's rally on Tuesday, November 10, 2026, after the government's October inflation report came in hotter than economists expected. The S&P 500 fell 0.4%, the Dow Jones Industrial Average lost 157.86 points, and the Nasdaq Composite dropped 0.7%, according to the Associated Press.
Tuesday's closing numbers
Index | Close | Points | Change |
|---|---|---|---|
S&P 500 | 7,520.93 | −29.01 | −0.4% |
Dow Jones Industrial Average | 52,231.89 | −157.86 | −0.3% |
Nasdaq Composite | 25,065.87 | −187.26 | −0.7% |
Russell 2000 | 2,821.38 | −19.44 | −0.7% |
Source: AP, closing figures for Tuesday, November 10, 2026.
Still ahead for the week
Because Monday's gains were large, all four indexes are still higher for the week after two sessions. They are also up for the year.
Index | Week so far | Year to date |
|---|---|---|
S&P 500 | +2.0% | +9.9% |
Dow | +1.8% | +8.7% |
Nasdaq | +2.0% | +7.8% |
Russell 2000 | +2.4% | +13.7% |
Source: AP.
Why stocks fell
Consumer prices rose 0.4% in October from September, according to Yahoo Finance. That was above the 0.3% economists expected, though slower than September's 0.6% jump. Our October CPI story has the full breakdown.
The report pushed traders to raise their bets that the Federal Reserve will lift interest rates again, the AP said. Yahoo Finance reported that traders overwhelmingly expect a quarter-point hike in December, and that Fed Governor Christopher Waller said he would be open to a larger one. The AP noted that a top Fed official had suggested the central bank could raise its main rate by twice the usual amount at its meeting next month.
Treasury yields rose even as oil prices kept easing, according to the AP. Higher yields raise borrowing costs and can make stocks look less attractive next to bonds.
Nvidia and crypto stocks fall
Nvidia stood out among Tuesday's decliners. Its shares closed at $168.89, down 5.47%, according to Yahoo Finance market data. Because Nvidia is one of the largest companies in the S&P 500 and the Nasdaq, a big move in its stock can pull both indexes. Our guide to what market cap means explains why.
Crypto-linked stocks also fell. Coinbase and Strategy each dropped 4% and Robinhood fell more than 3%, Yahoo Finance reported, as bitcoin slid amid the stock sell-off. See our bitcoin price story from Tuesday.
What it means for you
One hot inflation report does not set the Fed's path, but it does shift expectations quickly, and that shows up in stock prices the same day. For long-term investors in a broad index ETF, a 0.4% daily move is small next to the S&P 500's 9.9% gain this year.
See our stock market hours guide for when U.S. stocks trade each day.
This article is for information only and is not investment advice.
Sources
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.