November 10 — U.S. inflation rose more than expected in October, intensifying expectations of a sizable Federal Reserve rate hike, and all three major U.S. stock indices opened lower across the board: the Dow fell 0.4%, the S&P 500 dropped 0.6%, and the Nasdaq declined 0.8%. Most major tech stocks retreated, with Nvidia down 2.6%, Intel down 2%, Micron Technology down 2.2%, while Apple gained 0.4%. Alibaba slipped 0.3% as it plans to spin off T-Head Semiconductor and list it separately on the Hong Kong Stock Exchange.
