Market Wrap: Tuesday, November 10, 2026 — S&P 500, Nasdaq & Dow Jones

U.S. equity markets extended a period of volatility today, characterized by a broad risk-off sentiment as major indices retreated. The Nasdaq Composite led the decline with a 0.74% drop, while the S&P 500 and the Dow Jones Industrial Average fell 0.38% and 0.30%, respectively. This downward movement follows a period of extreme swings, including recent historic surges following midterm elections and massive selloffs that saw the Dow plunge 1,800 points and the Nasdaq enter a correction during a previous meltdown in the AI trade.

The primary driver for today's selloff appears to be rising Treasury yields, which have hit fresh highs and continue to climb. This upward pressure on yields is being fueled by recent Consumer Price Index (CPI) data that indicates worsening inflation, leading investors to increase bets on further Federal Reserve rate hikes. The market's sensitivity to these macroeconomic shifts follows a turbulent week where investors have struggled to balance post-election rallies against a retreating interest in the AI sector and the broader implications of a tightening monetary policy environment.