New York Markets Slip on High Inflation and Nvidia Sell-Off

Major New York indices closed Tuesday's session in negative territory. The Dow Jones fell 0.30%, the S&P 500 dropped 0.38%, and the Nasdaq recorded a 0.74% decline. This movement reflects pressure from consumer inflation data that exceeded market expectations.

The consumer price index rose 0.4% in October, while forecasts had predicted a 0.3% increase. This result strengthened the perception of an imminent monetary tightening by the Federal Reserve in December. The FedWatch tool already incorporates a rate hike as a probable scenario for the end of the year.

In the technology sector, Nvidia extended its losses with a 5.52% drop. The company is facing an internal investigation involving CEO Jensen Huang following revelations about his personal life. Other companies in the sector, such as Intel and Micron, also recorded losses during the period.

Amid this climate of uncertainty, Anthropic moved forward with plans for its initial public offering. The company intends to offer 825 million shares priced between 70 and 78 dollars. The market remains focused on corporate spending on artificial intelligence and the ability of these companies to convert demand into actual revenue.