U.S. stocks fell on Tuesday, Nov. 10, after a hotter-than-expected inflation report. The Dow Jones Industrial Average lost 157.86 points, or 0.30 percent, to 52,231.89, the S&P 500 fell 0.38 percent to 7,520.93 and the Nasdaq Composite fell 0.74 percent to 25,065.87, according to Sharecast.

Stocks opened lower after the consumer price report and stayed there, Kiplinger reported. Consumer prices rose 0.4 percent in October, against 0.3 percent expected, and core prices rose 0.3 percent, against 0.2 percent, CNBC reported.

A small loss after a big gain

The easy reading is that the inflation report broke the market. The objection is the size of the move. The S&P 500 had gained 2.35 percent on Monday, its best day since April 8, and Tuesday's decline gave back only part of it.

The bond market is where the report showed up. The 2-year Treasury yield rose 18.9 basis points to 4.736 percent, the 10-year rose 12.6 basis points to about 4.99 percent and the 30-year rose 9.3 basis points to 5.349 percent, the highest levels since late October, Kiplinger reported. The 10-year briefly rose above 5 percent during the session, Yahoo Finance reported.

The Treasury sold $42 billion of 10-year notes on Tuesday at a high yield of 5.020 percent, according to Treasury results. The bid-to-cover ratio was 2.46, below an average of 2.60, and the sale tailed the 5.01 percent when-issued level by 1.0 basis point, investinglive reported. Indirect bidders took 61.2 percent, against an average of 76.65 percent.

Fed pricing moved with the data. CME FedWatch showed about a 90 percent chance of a quarter-point increase at the Dec. 8-9 meeting at Tuesday's close and a 10 percent chance of a half point, Kiplinger reported. CNBC put the half-point odds at 13.6 percent on Tuesday evening, up from roughly zero before the report.

Nvidia, again

Technology led the selling as yields climbed and Anthropic's updated IPO filing implied a valuation below what many had expected, Kiplinger reported. Nvidia fell 5.5 percent, the worst performer in the Dow for a second straight session, and stood nearly 30 percent below its early-October level, according to Kiplinger. Two days of losses erased $430 billion of Nvidia's market value, Reuters reported.

Nvidia's board has hired Wachtell, Lipton, Rosen & Katz to investigate Chief Executive Jensen Huang and whether national security or company secrets were compromised, CNBC reported.

Wednesday morning

Stock futures pointed higher before Wednesday's open. At 7:34 a.m. ET, Dow futures were up 0.1 percent, S&P 500 futures 0.8 percent and Nasdaq-100 futures 1.9 percent, Yahoo Finance reported.

CoreWeave shares were up 16 percent in premarket trading after the company reported third-quarter results and raised its 2026 forecast, Reuters reported. Nvidia was up about 4 percent in premarket trading at 5:04 a.m. ET, the Economic Times reported. Those are premarket prices, not closes.

The New York Stock Exchange and Nasdaq keep regular hours on Veterans Day, 9:30 a.m. to 4 p.m. ET. The bond market is closed under a SIFMA recommendation, so Tuesday's Treasury yields are the latest until trading resumes on Thursday.

That leaves the stock futures asked to prove something on their own: that one company's outlook can outweigh an inflation report that pushed the 2-year yield up 18.9 basis points. The answer comes at the close. Thursday brings a $25 billion 30-year bond auction.