Changes in US stocks | CPI surpassed expectations in October, interest rate hikes bet NASDAQ futures dived and plummeted 1.3%, and most star technology stocks fell

The Zhitong Finance App learned that on Tuesday, after the US inflation data for October was released, NASDAQ 100 futures dived 1.3% in the short term. Most star technology stocks fell by 1.3%, Intel (INTC.US) fell more than 4%, Spacex (SPCX.US) fell more than 3%, Tesla (TSLA.US), American Ultra Micro (AMD.US), Nvidia (NVDA.US), and Broadcom (AVGO.US) fell more than 2%.

According to the news, the US consumer price index (CPI) increased 0.4% month-on-month in October. It is estimated to be 0.3%, compared to the previous value of 0.6%. The US core consumer price index (CPI) rose 0.3% month-on-month in October. The forecast is an increase of 0.2%. The previous value was an increase of 0.3%. After the US inflation data for October was released, traders' expectations for the Federal Reserve's interest rate hike in December remained at 100%. Traders have increased their bets that the Federal Reserve will raise interest rates at least twice by mid-2027.

Federal Reserve Governor Waller said in his latest speech: “The Federal Reserve will need to further tighten its policy. The level of US inflation is too high, and the September inflation data showed poor performance. I am particularly concerned that the rise in prices is spreading widely. Even if the CPI improved in October compared to September, it will still support a 25 basis point increase in interest rates in December. If the core CPI rises around 0.3% or more in October, the Federal Reserve may need to raise interest rates by 50 basis points in December.”