Stock Market News, November 10, 2026: Yields Jump as Inflation Comes in Hotter Than Expected
Inflation in October overshot expectations, sending Treasury yields higher and stocks lower.
The data could strengthen the case for Fed interest-rate hikes. Fed governor Christopher Waller and Dallas Fed President Lorie Logan both gave hawkish comments today suggesting that the central bank might consider raising rates faster. After the inflation report, traders moved to price a roughly 10% chance of a half-percentage point increase next month.
Bond yields rose sharply after the release, with the 10-year Treasury benchmark briefly touching 5% and the 2-year yield jumping nearly 0.18 percentage point, its biggest move in more than a year. Stocks traded lower, led by the Nasdaq composite, which was down 0.7%. Shares of Nvidia, which has found itself at the center of a spy scandal, are extending yesterday’s losses.
After the bell, focused on CoreWeave earnings for signs that the AI buildout can continue uninterrupted, despite new political headwinds from the midterm elections. The stock rose more than 2% afterhours after the firm reported stronger than expected revenue.
Another bright spot: crude-oil prices fell after President Trump said yesterday that a resumption of Iran strikes seemed “quite unlikely.” The international benchmark, Brent crude, traded about 1.2% lower, about $23 a barrel below its October high.
