US Oct inflation rose more than expected, boosting bets on larger Fed rate hikes. US equities opened lower: Dow -0.4%, S&P 500 -0.6%, Nasdaq -0.8%. Major techs mostly fell: NVIDIA -2.6%, Intel -2.0%, Micron -2.2%; Apple +0.4%. Alibaba fell 0.3% after

2026-11-10

US Oct inflation rose more than expected, boosting bets on larger Fed rate hikes. US equities opened lower: Dow -0.4%, S&P 500 -0.6%, Nasdaq -0.8%. Major techs mostly fell: NVIDIA -2.6%, Intel -2.0%, Micron -2.2%; Apple +0.4%. Alibaba fell 0.3% after saying it will spin off its Pingtouge semiconductor unit for a separate HKEX listing.