End-of-day recap

A hotter-than-expected October CPI print pushed rates higher and tech lower on Nov 10, 2026, while Nvidia's leadership probe drove the session's heaviest trading.

October CPI rose 0.4% month over month after 0.6% in September, cementing bets on a December Fed hike. Fed Governor Christopher Waller floated a larger half-point move if inflation worsens. The S&P 500 fell 0.38% to 7,521.26, the Nasdaq 0.74% and the Dow 0.30%. The 10-year yields 4.98%.

Financial Services was the only standout sector, up 0.52%. Technology led decliners, down 1.15%, as higher yields pressure long-duration, high-multiple growth names hardest.

Nvidia fell 5.47% to $168.89 on 426.1 million shares and has erased its 2026 gains. The company hired Wachtell Lipton to investigate CEO Jensen Huang's alleged affair with a suspected Chinese intelligence operative, and Republicans have threatened a subpoena.

Nvidia options volume hit 7,293,125 contracts, 230.62% of average, at a 0.85 put-call ratio. The Nov 11 $175 call traded 204,132 contracts on 3,333 open interest as traders positioned for more volatility.

Charter Communications jumped 10.61% to $134.06 after launching tender offers to repurchase up to $1.5 billion of long-dated notes below face value, a move investors read as balance-sheet-friendly.

MARA Holdings rose 10.54% to $7.34 after confirming it sold 13,597 bitcoin for roughly $1.1 billion to pay down $750 million in loans. Compass Point still cut its target to $20.

Hims & Hers Health sank 16.59% to $19.13. Q3 revenue grew 49%, but profit nearly vanished and guidance disappointed, and Jefferies flagged weight-loss-drug competition clouding subscriber trends.

Legend Biotech dropped 15.97% to $20.41 after a Q3 EPS beat doubled as an effective guide-down for Q4 and 2027, tied to slowing Carvykti growth.

Qualys fell 13.51% to $175.11 after beating Q3 estimates and raising 2026 EPS guidance to $8.07-$8.14. JPMorgan cut its target to $215 from $241 on revenue-outlook concerns.

At Six Flags, director Rehan Jaffer bought shares on Nov 6, Nov 9 and Nov 10, roughly $14.9 million in total at a $1.04 billion market cap company.

Liquidia Technologies drew two target increases: BTIG to $87 and Jefferies to $62, both above its $51.40 posted price.

Piper Sandler reiterated Arrowhead Pharmaceuticals with a $126 target, calling recent weakness a buying opportunity after competing pelacarsen data. RBC cut its Ionis target to $60 after a 21% crash.

Embraer is indicated up 7% after hours to $82.50 after hitting a 52-week high, as a raised 2026 revenue forecast outweighed a Q3 EPS miss of $0.41 versus $0.811.

With a December hike now the base case, rate-sensitive growth names carry the most exposure into the next session.

Not financial advice. For informational and educational purposes only.