U.S. Inflation Comes in Above Expectations Across the Board; Major U.S. Stock Indexes Open Lower

According to TechFlow, on November 10, Bitget market data showed that October U.S. inflation rose more than expected, expectations for a significant Fed rate hike intensified, and the three major U.S. stock indexes opened lower. The Dow opened down 0.4%, the S&P 500 index opened down 0.6%, and the Nasdaq opened down 0.8%. Most prominent tech stocks declined, with NVIDIA (NVDA.O) down 2.6%, Intel (INTC.O) down 2%, Micron Technology (MU.O) down 2.2%, and Apple (AAPL.O) up 0.4%. Alibaba (BABA.N) fell 0.3% amid plans to spin off T-Head Semiconductor and list it independently on the HKEX.

Source: TechFlow