Nasdaq Composite falls 0.99% to 25,004.14 at midday
Published on 11/10/2026 at 18:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq Composite Under Inflation Pressure
- The Nasdaq Composite stood at 25,004.14 in late-morning trading on Tuesday, down 249.00 points, or 0.99%, from Monday's close.
- Hotter-than-expected October inflation lifted Treasury yields and increased expectations for another Federal Reserve rate hike in December.
- Technology and other longer-duration stocks were particularly exposed as investors reassessed interest-rate risks.
The Nasdaq Composite was under pressure on Tuesday as investors reassessed the outlook for US interest rates after a stronger-than-expected inflation report. The index stood at 25,004.14 in late-morning trading, down 249.00 points, or 0.99%, from Monday's close of 25,253.14. The level and intraday change were reported by The Canadian Press during late-morning trading.
Inflation shifts rate expectations
The US Bureau of Labor Statistics said consumer prices increased 0.4% in October on a seasonally adjusted monthly basis, following a 0.6% rise in September. Prices excluding food and energy increased 0.3% for the month. The figures were published in the BLS October CPI release.
The headline increase exceeded the 0.3% monthly gain economists had expected, while core inflation was above the 0.2% forecast cited by Reuters. The agency also noted that year-over-year comparisons for October were unavailable because survey data had not been collected during the government shutdown in October 2025.
Yields weigh on growth stocks
The inflation data pushed Treasury yields higher and strengthened expectations that the Federal Reserve will raise interest rates again at its December meeting. Reuters reported that markets were pricing in an approximately 89% chance of a 25-basis-point increase. Fed Governor Christopher Waller had also said that a larger move could be considered if core inflation rose by 0.3% or more.
That backdrop is particularly challenging for technology and other growth companies whose valuations are sensitive to changes in discount rates. The Nasdaq's retreat followed a sharp 2.74% advance on Monday, when the index closed at 25,253.14 as falling oil prices and a rebound in chip stocks improved risk appetite. Tuesday's move therefore gave back part of that recovery rather than establishing a new closing trend.
Focus remains on the close
The US session was still underway at the reported level, leaving the final direction and size of the move unresolved. For investors, the key question into the close was whether higher yields would continue to pressure technology shares or whether buyers would absorb the inflation-related pullback. Further rate-sensitive market moves will depend on how expectations for the Federal Reserve's December decision evolve.
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