There was one story in technology and markets on Tuesday, November 10: October's hot inflation report erased most of Monday's historic rebound in a single session, and AI stocks were back under pressure — led by Nvidia.
All three major indexes closed lower, though well above their session lows: the S&P 500 fell 0.38% to 7,520.93, the Nasdaq Composite shed 0.7% after falling as much as 1.7% in early-afternoon trading, and the Dow Jones Industrial Average finished down 0.3%, according to Investopedia and Tuesday's market-close assessment. The indexes had surged more than 2% on Monday, wiping out most of last week's losses.
Why did the market turn today?
The Bureau of Labor Statistics released October's Consumer Price Index on Tuesday morning: prices rose 0.4% on the month — cooler than September's jump, but slightly higher than economists had anticipated — and core inflation rose 0.3% for the third straight month. The hot reading reinforced the view that the Federal Reserve, which raised its key rate in September for the first time in three years, will do so again at its next policy meeting in early December. The yield on the 10-year Treasury — which affects interest rates on all sorts of loans, notably mortgages — jumped to 4.98%, down from an intraday high of 5.03% but up from 4.90% at Monday's close.
Nvidia: the sell-off deepens, one week before earnings
Nvidia shares dropped 5.47% to close at $168.89, pacing Dow decliners and bringing the stock's loss this week to nearly 10%, amid continued uncertainty about the chipmaker's leadership after its board opened an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort. Other chip stocks were mixed: Micron fell 1% and Intel 2%, while Broadcom climbed 4% and AMD added 1%, and the iShares Semiconductor ETF (SOXX), which jumped 7% on Monday, ended near unchanged. Elsewhere in tech, Microsoft fell 2% and SanDisk declined 3%, while Amazon tacked on 1.5%.
In other markets, WTI oil futures were down 0.5% at $86.50 a barrel, at their lowest level since late August, gold futures fell 1.8% to $4,040 an ounce, and bitcoin traded at $73,800, near its lowest level in nearly three months, according to Investopedia.
What is the market waiting for?
The biggest test lands in exactly one week: Nvidia's quarterly results on November 17 — management's first direct address to investors since the investigation was opened — followed by the Fed's early-December decision, which this inflation print will heavily shape. Tuesday's message was clear: a fast rebound is possible, but it stays hostage to one inflation number and one rate decision.
Disclaimer: This article is for information only and is not investment advice. Share prices are volatile; consult a licensed financial adviser before buying or selling.
Sources: Investopedia, Markets News (November 10, 2026); NeuralStrike market-close assessment (November 10, 2026); NVDA closing quote data via Finnhub and The Motley Fool (November 10, 2026); U.S. Bureau of Labor Statistics, October CPI release (November 10, 2026).
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