Markets today, November 10, 2026: hot CPI lifts yields, stocks slip

Crypto. Bitcoin was $73,939.84 at 21:03 UTC, down 1.31% in 24 hours and 4.54% in seven days. Ether fell 3.19% to $2,062.53, Solana 3.86% to $83.35 and XRP 3.07% to $1.062, which is 16.82% lower on the week. Cointelegraph says bitcoin dipped as low as $73,518 after the CPI, near its Sunday low, the lowest since August 21. Fear & Greed is 32, Fear, up from 29. About $714.9 million of positions were liquidated in 24 hours, $582.4 million of them longs; ether had $257.4 million and bitcoin $201.2 million. US bitcoin ETFs had net outflows of $201.0 million on Monday, November 9, and ether ETFs $184.6 million; Tuesday's figures were not in our data yet. Zcash fell 10.01% to $1,052.73, and no source we opened gives a cause. Initia's INIT rose 53.13% to $0.29321 after the chain halted over a $615K exploit, and no source says why the price rose: https://freekonomist.com/en/news/initia-init-halts-chain-615k-exploit-init-price-jumps-2026-11-10/ . Bitcoin price and liquidations: https://freekonomist.com/en/crypto/btc/ . What well-known traders think: https://freekonomist.com/en/crowd/ . Token unlock dates: https://freekonomist.com/en/unlocks/

Stocks. The S&P 500 fell 0.38% to 7,520.93, the Nasdaq Composite 0.74% to 25,065.87 and the Dow 0.30% to 52,231.89, CNBC says. It broke a two-day winning streak for the S&P 500 and the Nasdaq. Nvidia lost 5.47% to $168.89, about 10% over two sessions, as worries grew over CEO Jensen Huang after the board's probe, Reuters says. Tech was the weakest of the 11 S&P sectors, down more than 1%. Fed speakers sounded hawkish: Dallas Fed President Lorie Logan said at least two more quarter-point hikes are needed, and Governor Christopher Waller said a half-point hike should be considered if inflation worsens: https://freekonomist.com/en/news/fed-waller-december-rate-hike-50-bp-yields-5-percent-2026-11-10/ . The 10-year Treasury yield rose back above 5%. Earlier in Asia the Nikkei 225 closed up 2.87% at 60,459.58: https://freekonomist.com/en/news/nikkei-225-rebounds-ai-stocks-softbank-2026-11-10/ . Our CPI story: https://freekonomist.com/en/news/us-cpi-inflation-october-2026-hotter-than-expected-2026-11-10/

Commodities and currencies. Brent settled at $91.49, down 1.2%, and WTI at $86.04, down 0.9%, both the lowest closes since August 31 for a second day, Reuters says. Reuters ties the drop to US officials downplaying more military action against Iran, and Brent briefly fell below $90 during the day: https://freekonomist.com/en/news/brent-oil-price-below-90-first-time-since-august-2026-11-10/ . Gold futures settled 2.0% lower at $4,030.20 as the dollar and Treasury yields rose, and spot silver was down 3.95% at $51.30 in the afternoon: https://freekonomist.com/en/commodities/gold/ . In our data at 21:03 UTC EUR/USD was 1.1167 (-0.46%), GBP/USD 1.3346 (-0.74%), AUD/USD 0.6868 (-0.85%) and USD/JPY 158.794 (+0.57%). Live macro board: https://freekonomist.com/en/macro/

Fatos confirmados

• Reuters: the Labor Department said CPI rose 0.4% in October, above the 0.3% economists polled by Reuters expected, after 0.6% in September.^[1]
• The S&P 500 fell 0.38% to 7,520.93, the Nasdaq Composite 0.74% to 25,065.87 and the Dow 157.86 points, or 0.30%, to 52,231.89.^[2]
• Nvidia closed down 5.47% at $168.89; Reuters says it has fallen about 10% over two sessions on concerns over CEO Jensen Huang's future after an internal probe.^[2][1]
• The S&P 500 technology sector fell more than 1%, the worst of the 11 sectors; the S&P 500 and Nasdaq had risen for two straight days before.^[1]
• Markets fully price a Fed hike of at least 25 basis points in December, up from 84% on Monday; a 50 bp hike is at 11.8%, per CME FedWatch via Reuters.^[1]
• The 2-year Treasury yield surged nearly 20 basis points and was poised for its biggest daily gain since April 9, 2025.^[1]
• The 10-year Treasury yield rose back above 5%.^[2]
• Dallas Fed President Lorie Logan said the Fed needs at least two more quarter-point hikes, possibly soon; Fed Governor Christopher Waller said a half-point hike should be considered if inflation worsens.^[1][11]
• COMEX gold futures for December settled 2.0% lower at $4,030.20 an ounce; spot silver was down 3.95% at $51.30 in the afternoon.^[4]
• Reuters says gold fell after hotter CPI lifted the dollar and Treasury yields.^[4]
• Brent settled at $91.49, down 1.2%, and WTI at $86.04, down 0.9%, both the lowest closes since August 31 for a second day.^[3]
• Reuters ties the oil drop to US officials downplaying the need for more military action against Iran; Brent briefly fell below $90 during the day.^[3][14]
• Bitcoin was $73,939.84 at 21:03 UTC (-1.31% in 24 hours, -4.54% in 7 days); ether $2,062.53 (-3.19%, -9.33% in 7 days); Solana $83.35 (-3.86%); XRP $1.062 (-3.07%, -16.82% in 7 days).^[8]
• Cointelegraph says bitcoin fell as low as $73,518 after the CPI, near its Sunday low, which was its lowest since August 21.^[7]
• Fear & Greed read 32, Fear, up from 29.^[8]
• About $714.9 million of crypto positions were liquidated in 24 hours, $582.4 million of them longs; ether liquidations were $257.4 million and bitcoin $201.2 million.^[8]
• US bitcoin ETFs had net outflows of $201.0 million and ether ETFs $184.6 million on Monday, November 9; our data had no figures for Tuesday yet.^[8]
• Zcash fell 10.01% to $1,052.73; no source we opened gives a cause.^[8]
• Initia halted its chain after a $615K exploit, and INIT rose 53.13% to $0.29321; no source we opened says why the price rose.^[12][8]
• At 21:03 UTC EUR/USD was 1.1167 (-0.46%), GBP/USD 1.3346 (-0.74%), AUD/USD 0.6868 (-0.85%) and USD/JPY 158.794 (+0.57%).^[9]
• The Nikkei 225 closed up 2.87% at 60,459.58.^[13]
• On Wednesday, November 11 Forex Factory lists no High impact events; ECB President Lagarde speaks at 09:45 UTC (Medium impact), and it lists a US bank holiday.^[6]
• US stocks are open on Veterans Day; the bond market and banks are typically closed, Yahoo Finance says.^[5]
• UK GDP (High impact) is due Thursday, November 12 at 07:00 UTC.^[6]

Implicações

• ConfirmadoHot CPI and hawkish Fed speakers left markets fully pricing a December hike.
• Nossa leituraHigher yields and a stronger dollar coincided with weaker gold and growth stocks. This is our reading.

Ainda não se sabe

• What the Fed decides in December
• What drove Zcash lower and INIT higher
• Whether Brent holds near $90

Quem é afetado

United States, Europe, Global. People who hold stocks, gold or crypto and follow the Fed's rate path

Fontes

1. Reuters: Wall St ends lower as hot inflation data, Fed comments heighten rate worries 10 de novembro de 2026 · mídia
2. CNBC: S&P 500 falls, dragged down by Nvidia sell-off and rate-hike fears after hot inflation data: Live updates 10 de novembro de 2026 · mídia
3. Reuters: Oil prices ease to two-month lows as US downplays further Iran strikes 10 de novembro de 2026 · mídia
4. Reuters: Gold falls nearly 3% as CPI tops forecasts, lifting dollar and yields 10 de novembro de 2026 · mídia
5. Yahoo Finance: Is the stock market open on Veterans Day? 9 de novembro de 2026 · mídia
6. Forex Factory: Economic calendar, week of November 8, 2026 10 de novembro de 2026 · mídia
7. Cointelegraph: Bitcoin nears 11-week low after 'discouraging' US CPI inflation beat 10 de novembro de 2026 · mídia
8. Freekonomist: Bitcoin price, Fear & Greed, liquidations and ETF flows 10 de novembro de 2026 · mídia
9. Freekonomist: Live macro board: currencies and rates 10 de novembro de 2026 · mídia
10. Freekonomist: Gold on Freekonomist 10 de novembro de 2026 · mídia
11. Freekonomist: Fed rate hike in December: Waller backs it, 50 bp is on the table 10 de novembro de 2026 · mídia
12. Freekonomist: Initia (INIT) halts its chain after a $615K exploit, price still jumps 10 de novembro de 2026 · mídia
13. Freekonomist: Nikkei 225 rises 2.87% as AI stocks rebound, SoftBank up about 14% 10 de novembro de 2026 · mídia
14. Freekonomist: Brent oil price falls below $90 for the first time since August 10 de novembro de 2026 · mídia