# Stocks Drop as Rate-Hike Worries Rise

> Stocks fall as inflation data pushes Fed to consider December rate hike.
- Title: Stocks Drop as Rate-Hike Worries Rise · Kiplinger | Shortify
- Summary: Stocks fall as inflation data pushes Fed to consider December rate hike. Stocks dropped as hotter-than-expected inflation data cemented a December rate hike.
- Keywords: stocks, inflation, federal reserve, dow jones, s&p 500, nasdaq composite, treasury yields, anthropic ipo, nvidia, jensen huang, Kiplinger
- Source: Kiplinger — https://kiplinger.com/investing/stocks/stocks-drop-as-rate-hike-worries-rise-stock-market-today
- Published: 2026-11-10T21:09:11+00:00
- Read time: 1 min
- Topics: stocks, inflation, federal reserve, dow jones, s&p 500, nasdaq composite, treasury yields, anthropic ipo, nvidia, jensen huang
## Stocks open lower
Stocks opened lower Tuesday and stayed negative through the close as a hot inflation reading cemented a December rate hike.
## Market indices fall
The blue-chip Dow Jones Industrial Average dropped 0.3% to 52,231, the S&P 500 fell 0.4% to 7,520, and the Nasdaq Composite dropped 0.7% to 25,065.
## Inflation data
Headline inflation rose 0.4% from September to October, slower than 0.6% but faster than economists expected.
## Core inflation
Core CPI, excluding food and energy, rose 0.3% month over month, matching August and September.
## Market strategist comment
Michael Casper, senior market strategist at HB Wealth, says hotter-than-expected inflation confirms stickier inflation and likely cements a December rate hike.
## Treasury yields spike
Treasury yields soared to their highest levels since late October on expectations the Federal Reserve will raise rates into the new year.
## Tech stocks drop
Tech stocks fell as rising Treasury yields and concerns about Anthropic's IPO impacted rate-sensitive tech stocks.
## Anthropic IPO details
Anthropic plans to sell 825 million Class A shares at $70 to $78 apiece, raising up to $64 billion at a $1.405 trillion valuation.
## Nvidia stock slides
Nvidia fell 5.5% after its board investigated CEO Jensen Huang's alleged romantic relationship with a Chinese spy.
## Key takeaway

Stocks dropped as hotter-than-expected inflation data cemented a December rate hike.