Nasdaq Rebounds as Anthropic IPO News Offsets Hot US Inflation Data
Key Facts
Nasdaq indices erased early losses to trade higher following reports regarding Anthropic's planned IPO. According to investinglive.com, the Nasdaq 100 experienced a swing of over 449 points during the session as markets absorbed CPI data before rebounding on news that the AI startup is targeting a November 19 trading debut with specific retail allocations.
Nvidia shares are testing a key support floor amid ongoing pressure, having closed at $178.67 on November 9, 2026. Among sector peers, AMD closed at $508.58 and INTC at $59.37 on November 9, 2026, while TSM finished at $388.62, as the market reacted to a 0.4% monthly inflation rate reported on November 10, 2026.
Market participants are looking ahead to the release of US Initial Jobless Claims on November 12, 2026. This will be followed by the Producer Price Index (PPI) data on November 13, 2026, which is expected to provide further clarity on inflationary trends and Federal Reserve policy.
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Update: Detailed data showed US Core CPI rose 0.3% in October 2026, exceeding the 0.2% forecast. Additionally, Federal Reserve Governor Christopher Waller expressed support for a December rate hike, adding further pressure to monetary policy expectations.