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Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on November 10, 2026. Angela Weiss | Afp | Getty Images Stock futures rose slightly on Tuesday night following a losing session in which Nvidia, coupled with hotter-than-expected inflation data, pressured the broader market. Dow Jones Industrial Average futures gained 47 points, or 0.1%.
S&P 500 futures climbed 0.1% along with Nasdaq-100 futures . The Dow pulled back more than 150 points in regular trading, while the S&P 500 and Nasdaq Composite shed 0.4% and 0.7%, respectively. At the center of the decline was Nvidia .
The chipmaker pulled back 5.5%, as CEO Jensen Huang's affair with an alleged Chinese spy weighed on the stock for the second consecutive session. Nvidia's two-day slide pulled the company's market cap down to around $4.07 trillion, its lowest since late March. Equities also fell on Tuesday after the latest U.S. inflation data solidified expectations for a December Federal Reserve rate hike.
The consumer price index increased by 0.4% month over month in October , topping expectations. Expectations for a quarter-point rate increase next month rose to about 90% following the release, per the CME Group's FedWatch tool. "Despite some technical uncertainty, higher than desired levels of inflation should keep the Fed in a stance of dissatisfaction with the degree of progress on inflation remaining lackluster, so hiking the Fed Funds policy rate in December is our and the market's base case," wrote Rick Rieder, CIO of global fixed income at BlackRock.
"The question now is more of one of the extent of the hike." Comments from Fed Governor Christopher Waller also led traders to price in greater chances of a quarter-point move. Traders on Wednesday will keep their eyes on the artificial intelligence trade, after CoreWeave reported third-quarter revenue that beat analyst expectations. The report initially sent the neocloud stock slightly higher. 3 Min Ago Here are some key stats from Tuesday's session Stocks fell broadly on Tuesday, with declines in Nvidia and increasing expectations of a Fed rate hike next month dragging investor sentiment.
Below are some of the key stats from the session: The Dow fell 0.3% to close at 52,231.89 for its third negative session in four. UnitedHealth had the most positive points impact on the Dow. Caterpillar had the most negative points impact on the Dow.
The S&P 500 fell 0.38% to close at 7,520.93 for its first negative session in three. The benchmark closed above its 200-day moving average but below its 50-day average. Despite the decline, the index remains just 4.1% below a record high.
The Nasdaq Composite fell 0.74% to close at 25,065.87, its first negative session in three. The composite closed below its 50-day and 200-day moving averages. It is also 9.6% below a record. — Christopher Hayes
Source: CNBC
