Wall Street Falls on Hot Inflation; Nvidia Drops 6% on CEO Scandal

Wall Street is trading lower Tuesday after disappointing October inflation data, with major indexes falling up to one percent. Nvidia shares continue to plunge nearly six percent amid the CEO's personal scandal. The consumer price index rose 0.4% in October, exceeding economist forecasts of 0.3%, while core inflation also beat expectations. Traders now broadly expect a quarter-point Federal Reserve rate hike next month, with some predicting half a point. Nvidia dropped 5.86% following a 4.27% decline yesterday, as investors digest the board investigation into CEO Jensen Huang's admitted infidelity. Reports allege his affair with a client executive facilitated $7.5 billion in chip transfers to China, including export-restricted models.