Stock market today: S&P 500 and Nasdaq futures sink, Dow wavers after CPI data, new Anthropic IPO filing
US stock futures moved in opposite directions on Tuesday morning as inflation report that came in hotter than expected and could influence the Federal Reserve’s rate decision next month.
Dow Jones Industrial Average futures (YM=F) stayed close to flat, while S&P 500 futures (ES=F) slipped 0.4%. Nasdaq‑100 contracts (NQ=F) fell about 1% after Monday’s rally.
The Consumer Price Index released Tuesday indicated a 0.4% month‑over‑month rise in October, above the 0.3% forecast but below September’s 0.6% increase. The report omitted annual inflation numbers because the previous year’s government shutdown limited the data.
Nvidia (NVDA) shareholders remain unsettled as the board probes CEO Jensen Huang after allegations of an affair with a suspected Chinese spy. Nvidia’s shares continued to drift lower on Tuesday, following a drop of more than 4% the day before.
In other tech developments, Anthropic kicked off its roadshow and filed an updated prospectus ahead of its much‑watched IPO. The AI firm is pressing forward with its market debut despite recent volatility in tech stocks and is targeting a $1.4 trillion valuation.
Oil prices are sliding, with both Brent crude (BZ=F) and U.S. WTI crude (CL=F) down roughly 3%.
Although most of the third‑quarter earnings season is now behind us, Nvidia‑backed neocloud CoreWeave (CRWV) and quantum‑computing companies Quantum (QBTS) and Rigetti Computing (RGTI) are set to release their results after the market close today.
