Stocks fell, and bonds experienced one of their biggest sell-offs: the market is waiting for the Fed to act

U.S. stocks fell at the close of trading on November 10, after October’s inflation figures came in higher than expected and a key Federal Reserve official suggested a half-percentage-point rate hike at the December meeting, according to CNBC.

The S&P 500 fell 0.4%, the Dow Jones Industrial Average fell 0.3%, and the tech-heavy Nasdaq Composite fell 0.7%.

Nvidia shares, which fell 5%, weighed on all three major indices. The company’s shares also failed to participate in Monday’s tech sector rally after its CEO, Jensen Huang, admitted over the weekend to having an affair with an alleged Chinese spy, prompting the board of directors to launch an investigation.

Treasury bond yields have risen sharply: traders fear that, following the latest inflation data, a rate hike in 2027 will become more likely. They consider a rate hike in December a foregone conclusion and even see a small chance of a 50-basis-point move rather than a 25-basis-point one. The yield on 10-year bonds has once again exceeded 5%. The bond market has experienced one of its biggest sell-offs since April 2025, according to Bloomberg.

This news story is being updated.

This article was AI-translated and verified by a human editor