US October Inflation Tops Forecasts; Dow, S&P 500, Nasdaq Open Lower

Cointime reports: US October inflation rose more than expected on November 10, strengthening expectations of sharp Federal Reserve rate hikes and pushing all three major US stock indexes lower at the open. The Dow fell 0.4%, the S&P 500 dropped 0.6% and the Nasdaq declined 0.8%. Nvidia fell 2.6%, Intel 2% and Micron 2.2%, while Apple rose 0.4%; Alibaba slipped 0.3%.