Wall Street falls as hot inflation fuels rate hike fears

Wall Street closed lower on Tuesday, November 10, 2026, as higher-than-expected US inflation data reversed the previous session's gains and intensified concerns about further Federal Reserve interest rate hikes. The October consumer price index rose 0.4% monthly, exceeding forecasts of 0.3%, while core inflation also beat expectations. This pushed bond yields higher and pressured technology stocks, with the Dow Jones falling 0.30%, the S&P 500 dropping 0.38%, and the Nasdaq declining 0.74%. Markets now fully price in a December rate increase, with an 11.8% chance of a larger 50-basis-point move. Nvidia shares fell 5.4% amid an internal probe, while the 10-year Treasury yield climbed to 4.982%.