Stock Market Midday, Nov. 10: Stocks Slide on Hot Inflation Data
Growth and tech shares are leading the intraday slide as traders weigh a hotter-than-expected inflation report today, Nov. 10, 2026.
At 11:41 AM ET on November 10, major U.S. stock indices were all trading in the red as persistent inflation data weighed on market sentiment. The Nasdaq Composite shed 1.29% to 24,987, the S&P 500 fell 0.89% to 7,490 and the Dow Jones Industrial Average slipped 0.64% to 52,039. Gold prices dropped 2.82% to $4,023.75, while the 10-Year Treasury yield rose 0.12% to 5.02%.
Energy stocks were the sole bright spot, as oil prices fell on optimism that the conflict in Iran might be nearing an end. Basic materials and tech stocks were the worst performers, with Sanmina shares rising almost 4% on robust fiscal 2027 guidance, although they later pulled back in premarket trading. Sally Beauty also posted gains after delivering a fourth-quarter earnings beat, while Rocket Lab's performance was muted following mixed earnings.
Nvidia's stock was under pressure following the fallout from the board's investigation into CEO Jensen Huang's conduct. The recent optimism surrounding AI firms took a hit as October inflation data came in hotter than expected, sparking fears that the Federal Reserve might raise interest rates in December and again in 2027. Fed officials' comments further fueled investor concern, and Treasury yields climbed.
High interest rates make borrowing more expensive, potentially eating into corporate profits and pressuring stocks, especially growth stocks. AI firms, in particular, have taken on significant debt to fund infrastructure, making them more vulnerable to higher borrowing costs. Riskier assets are less appealing when safer investments offer solid returns.
Investors will be closely monitoring CoreWeave's results after the bell, as its AI spending and financing come under scrutiny. The Motley Fool's analyst team has identified 10 stocks they believe are the best for investors to buy right now, available through their premium Stock Advisor service. Stock Advisor's total average return as of November 10, 2026, was 853%, significantly outperforming the S&P 500's 204%.
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