U.S. stocks rose Nov. 11 as technology shares led indexes higher after an inflation report; the Associated Press (AP) said CME Group's FedWatch pricing implied a 90% chance of a December Federal Reserve hike.
The Nasdaq Composite closed at 25,466.19, up 400.31 points, or 1.6%, based on Nasdaq data distributed through the Federal Reserve Bank of St. Louis' FRED database. The S&P 500 added 1.3% to 7,619.38, while the Dow Jones Industrial Average rose 0.5% to 52,486.49, AP reported.
The Bureau of Labor Statistics (BLS) said the Consumer Price Index for All Urban Consumers increased 0.4% in October from September, seasonally adjusted. The index excluding food and energy rose 0.3%. Released Nov. 10, the monthly report came a day before stocks advanced. A lapse in appropriations left BLS without October 2025 survey data, preventing publication of most year-over-year CPI changes for October 2026.
AP reported that Nvidia shares gained 2.9% and CoreWeave rose 24.7%. CoreWeave's Nov. 10 earnings release raised its 2026 revenue outlook to $13 billion to $13.3 billion. AP linked some strength in AI-related shares to the company's results and revised outlook, while noting that borrowing costs are a concern for CoreWeave and other companies in the sector.
Mint reported that COMEX gold touched an intraday low of $3,973.80 an ounce on Nov. 12, slipping below $4,000. Mint cited Giottus.com CEO Vikram Subburaj, who connected pressure on gold and silver futures with inflation data and expectations for tighter Fed policy.
The FedWatch figure records traders' expectations; it is not a policy decision. The Federal Reserve's next two-day meeting is scheduled for Dec. 8-9, and BLS will publish November CPI on Dec. 10 at 8:30 a.m. ET.
