Market-moving news for Tuesday, November 10, 2026

What happened

The Bureau of Labor Statistics reported on Tuesday, November 10 at 8:30 a.m. ET that the consumer price index rose 0.4% month-on-month in October, above the 0.3% consensus forecast, after a 0.6% jump in September. Core CPI, excluding food and energy, rose 0.3% — above the 0.2% forecast and the third consecutive monthly 0.3% reading. Shelter rose 0.3% and accounted for more than 30% of the monthly increase; food rose 0.5% and energy 0.7%. No official 12-month inflation rate was published for headline or core, because BLS never collected October 2025 prices during last year's government shutdown. S&P 500 futures slid after the release, reversing some of Monday's 2.35% rally, and markets moved to price a 99% probability of a 25-basis-point Fed hike on December 9, with odds of a further hike by the March 17 meeting jumping to 67% from 50% on Monday.

What happened

Cantor Fitzgerald initiated coverage of The TJX Companies (TJX) at Neutral and set a price target of $139, according to a TradingView/Benzinga item published at 12:53 UTC on Tuesday, November 10. The target is roughly in line with TJX's November 9 close of $138.13, implying essentially no upside. TJX shares opened Tuesday at $138.02 and are up about 2% on the day. The initiation comes eight days before TJX reports fiscal third-quarter results on Wednesday, November 18, before the market opens.

What happened

Anthropic, the startup behind the Claude AI assistant, set a price range of $70 to $78 per share for its initial public offering on Tuesday, November 10. At the midpoint, the offering would raise about $61 billion; combined with options and unvested stock, that values the company at roughly $1.1 trillion, and at the top of the range it could be worth $1.4 trillion — potentially the biggest IPO in history, eclipsing SpaceX's record $86 billion debut in June. The company is expected to begin trading on the Nasdaq under ticker ANT as soon as next week, with the Wall Street Journal reporting plans to list Thursday or Friday next week. The filing revealed $17 billion in sales in the most recent quarter, up 1,127% year over year, and $33.2 billion in the first nine months of 2026 versus $4.6 billion in all of 2025 — but also a net loss of $80.7 billion in the first half, nearly $900 billion in committed compute spending, reliance on just five customers for a quarter of sales, and a convoluted staggered lock-up that lets some non-founder insiders sell 10% of holdings on day one.

What happened

Federal Reserve Governor Christopher Waller said at a conference in London on Tuesday that he would support raising interest rates by 25 basis points in December. "However, if inflation comes in substantially higher than I expect, more robust action by the FOMC may be called for," he added. Markets repriced sharply: LSEG data showed the probability of a December hike jumping to 98% from 84% before the comments. The dollar turned higher (DXY +0.1% to 101.703) and Treasury yields rose, with the 10-year ticking up ~2bp to 4.882% and the 2-year up 6.7bp to 4.613%, per Tradeweb.