Wall Street: Inflation data weighs on Wall Street – Nvidia shares lose

US consumer prices for October on Tuesday provide clues to the Fed's decision in December. The most important indices are consistently in the red.

Street sign on Wall Street. Photo: dpa

Dusseldorf. New US inflation data will be in focus on Wall Street on Tuesday: consumer and producer prices will provide further evidence of underlying price pressures before the US Federal Reserve meets in December. Increased inflation is weighing on sentiment:

The index of the Nasdaq technology exchange is down around one percent at 25,008 points.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, is also down around one percent at 27,637 points.

The broader S&P 500 fell 0.7 percent to 7,497 points.

The Dow Jones index of standard stocks lost 0.6 percent and was trading at 52,082 points.

Prices in the USA rose more than expected in October

Price pressure in the USA increased more in October than experts expected. Consumer prices rose 0.4 percent from the previous month, while economists had expected 0.3 percent. Core inflation excluding energy and food was also 0.3 percent, above the forecast of 0.2 percent.

A comparison with the same month last year is not possible this time because no inflation data was collected in October 2025 due to the government shutdown. The publication is considered the last important inflation indicator before the US Federal Reserve's next interest rate decision. “There is still a lot of pressure in the inflation pipeline,” says Bastian Hepperle from Bethmann Hal Bank.

The markets are now fully pricing in higher interest rates in December. 90 percent of market participants expect the Fed to raise interest rates by 0.25 percentage points to the range of 4.0 to 4.25 percent. Around ten percent now expect an even larger interest rate hike of 0.5 percentage points.