US Inflation Broadly Beats Expectations, Three Major US Stock Indices Open Lower

On November 10, according to Bitget market data, US October inflation rose more than expected, intensifying expectations of significant Federal Reserve rate hikes. The three major US stock indexes collectively opened lower, with the Dow opening down 0.4%, the S&P 500 index falling 0.6%, and the Nasdaq dropping 0.8%. Most star 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% as it plans to spin off T-Head Semiconductor and list it independently on the Hong Kong Stock Exchange.