US Market Wrap 10 November: Stocks Fall as Hot Inflation Data Lifts Treasury Yields
First published at 15:59 GMT; updated with the session’s closing edition at 21:52 GMT.
The Takeaway: US stocks fell on Tuesday, with all five indices we track closing lower and the Nasdaq Composite down 0.74%, the deepest decline. CNBC linked the drop to hotter-than-expected October inflation data and to a Federal Reserve official hinting at a possible half-point rate rise next month. The 10-year Treasury yield rose 10 basis points to 4.98%.
The one-year Treasury yield jumped 18 basis points on Tuesday, the largest move on an official curve where every maturity rose, and the S&P 500 fell 0.38%.
All five indices fall after a hot inflation reading
CNBC reported that stocks fell after October inflation data came in hotter than expected and a key Federal Reserve official hinted at the possibility of a half-point rise in rates next month. In its account, the consumer price index rose 0.4% in October, above the 0.3% gain economists polled by Dow Jones had expected.
CNBC said Fed Governor Christopher Waller opened the door to a possible half-point increase in a speech in London earlier on Tuesday. In the text published by the Fed, delivered before the inflation release, Waller said he would still support a 25 basis point increase at the December meeting, and that more robust action may be called for if inflation comes in substantially higher than he expects.
The Nasdaq Composite fell 0.74%, the deepest decline of the five, and the Dow Jones Industrial Average lost 0.30%, the smallest. Nvidia fell more than 5% and weighed on the major averages, according to CNBC. Financials rose 0.49% to lead the sectors. Technology fell 1.40%, the weakest of the group.
Yields climb across the curve and crude settles lower
On the Treasury’s official daily curve, the 10-year yield rose 10 basis points to 4.98%. The two-year yield climbed 17 basis points to 4.73%. The one-month yield rose 1 basis point, the smallest move. Brent for January delivery settled 1.17% lower at $91.49 a barrel. South Korea’s Kospi was the strongest of the 32 indices we published today, up 4.39%. The Nasdaq Composite was the weakest, down 0.74%.
The US closes, ranked
| Index | Close | Change |
|---|---|---|
| Dow Jones Industrial Average | 52,231.89 | -0.30% |
| S&P 500 | 7,520.93 | -0.38% |
| Nasdaq 100 | 27,740.80 | -0.60% |
| Russell 2000 | 2,821.38 | -0.68% |
| Nasdaq Composite | 25,065.87 | -0.74% |
Closes of Tuesday 10 November 2026 from the price feed against Monday’s closes as published, ranked by change on the unrounded values; all five fell.
S&P 500 sectors
| Sector | Change |
|---|---|
| Financials | +0.49% |
| Consumer discretionary | +0.46% |
| Energy | +0.32% |
| Utilities | -0.23% |
| Materials | -0.55% |
| Technology | -1.40% |
Top 3 and bottom 3 of the 11 sectors, from the price feed against Monday’s closes as published; five rose and six fell. Omitted: health care +0.27%, consumer staples +0.22%, industrials -0.08%, real estate -0.11% and communication services -0.15%.
Treasury par yield curve
| Maturity | 10 Nov | 9 Nov | Change, bp |
|---|---|---|---|
| 1 month | 4.05 | 4.04 | +1 |
| 3 months | 4.30 | 4.24 | +6 |
| 6 months | 4.38 | 4.26 | +12 |
| 1 year | 4.56 | 4.38 | +18 |
| 2 years | 4.73 | 4.56 | +17 |
| 3 years | 4.74 | 4.58 | +16 |
| 5 years | 4.81 | 4.67 | +14 |
| 7 years | 4.89 | 4.76 | +13 |
| 10 years | 4.98 | 4.88 | +10 |
| 20 years | 5.39 | 5.29 | +10 |
| 30 years | 5.35 | 5.26 | +9 |
The official daily par yield curve from the US Treasury, read at 21:03 GMT, derived per its own method from indicative bid-side quotations at or near 20:30 GMT in winter, its 3:30 pm Eastern reading; the changes are ours. Omitted: 1.5-month 4.16 (+3), 2-month 4.21 (+2), 4-month 4.28 (+8).
Commodities
| Contract | Settled | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | 4,030.20 | -2.05% |
| Silver, COMEX (Dec’26), dollars an ounce | 51.225 | -2.79% |
| Brent Crude, ICE (Jan’27), dollars a barrel | 91.49 | -1.17% |
| WTI Crude, NYMEX (Dec’26), dollars a barrel | 86.04 | -0.93% |
Tuesday’s settlements as dated 10 November 2026 on the price feed’s settlement fields, measured settlement to settlement against Monday’s official settlements, in fixed order.
Currencies, volatility and crypto
| Asset | Level | Change |
|---|---|---|
| Cboe Volatility Index | 19.46 | -2.31% |
| Bitcoin, dollars | 73,809.35 | -1.25% |
| US Dollar Index (DXY) | 102.25 | +0.58% |
| Euro/Dollar | 1.1163 | -0.53% |
| Sterling/Dollar | 1.3344 | -0.71% |
| Dollar/Yen | 158.77 | +0.55% |
Quotes at 21:45 GMT, in fixed order; snapshots, not settlements; the VIX row is the session’s last reading on the vendor’s feed; changes are measured against the feed’s prior reference levels.
Asia, session of Tuesday 10 November 2026
| Index | Close | Change |
|---|---|---|
| Kospi (South Korea) | 5,239.13 | +4.39% |
| Nikkei 225 (Japan) | 60,459.58 | +2.87% |
| Taiex (Taiwan) | 42,711.92 | +2.52% |
| Topix (Japan) | 3,893.71 | +1.98% |
| Straits Times (Singapore) | 5,258.59 | +1.53% |
| S&P/ASX 200 (Australia) | 9,129.00 | +1.10% |
| Shenzhen Component (China) | 11,241.54 | +0.86% |
| Hang Seng (Hong Kong) | 24,557.04 | +0.44% |
| Shanghai Composite (China) | 3,663.72 | +0.08% |
Carried from our Asia Market Wrap of Tuesday 10 November 2026, ranked by change; all nine rose, with the Straits Times measured against Friday 6 November’s close, and India’s market did not trade on the Diwali Balipratipada holiday.
Middle East, session of Tuesday 10 November 2026
| Index | Close | Change |
|---|---|---|
| EGX 30 (Egypt) | 52,483.46 | +2.08% |
| DFM General (Dubai) | 6,170.20 | +1.36% |
| FTSE ADX General (Abu Dhabi) | 9,555.78 | +0.77% |
| QE Index (Qatar) | 10,177.23 | +0.69% |
| MSX 30 (Oman) | 7,279.414 | +0.63% |
| Tadawul All Share (Saudi Arabia) | 10,168.10 | +0.61% |
| Boursa Kuwait All-Share (Kuwait) | 8,541.18 | +0.20% |
| Bahrain All Share (Bahrain) | 1,824.34 | +0.15% |
| ASE Index (Jordan) | 4,067.99 | -0.49% |
Carried from our Middle East Market Wrap of Tuesday 10 November 2026, ranked by change against Monday 9 November’s closes; Amman’s ASE index was the only faller. The Saudi, Dubai, Muscat, Bahrain and Amman pages print their changes without a sign and Cairo’s dated history prints closes only, with the direction from our arithmetic.
Europe, session of Tuesday 10 November 2026
| Index | Close | Change |
|---|---|---|
| IBEX 35 (Spain) | 19,936.40 | +0.98% |
| FTSE MIB (Italy) | 51,755.08 | +0.69% |
| SMI (Switzerland) | 15,037.94 | +0.61% |
| Euro Stoxx 50 (euro area) | 6,327.87 | +0.59% |
| CAC 40 (France) | 8,278.59 | +0.55% |
| DAX (Germany), Xetra close | 26,347.45 | +0.31% |
| Stoxx Europe 600 (Europe) | 658.32 | +0.27% |
| AEX (Netherlands) | 1,132.44 | +0.22% |
| FTSE 100 (UK) | 10,751.59 | -0.29% |
Carried from our Europe Market Wrap of Tuesday 10 November 2026, ranked by change. The DAX figure is Xetra’s closing price, and the two Stoxx indices carry the administrator’s final values from the price feed.
What to watch: The Federal Reserve observes the Veterans Day holiday on Wednesday 11 November, and its daily and weekly statistical releases scheduled for that day will be published on Thursday 12 November. Fed Governor Michael Barr speaks on artificial intelligence and inequality the same Thursday.
US closes are from the price feed, measured against Monday 9 November’s closes as published, with the yield curve from the US Treasury’s own table and the commodity settlements from the feed’s dated settlement fields; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: US Department of the Treasury, CNBC, Federal Reserve, The Edge.
