CommSec Market Update

← CommSec Market UpdateNieuw · 9 min

US inflation tops estimates, sending Wall Street lower | AM 11 Nov 26

US inflation tops estimates, sending Wall Street lower | AM 11 Nov 26Nieuw9 min

Wall Street fell overnight as hotter-than-expected US inflation fuelled expectations of another Federal Reserve rate hike, sending Treasury yields sharply higher. The sell-off is set to weigh on the ASX, which is poised for a weaker open after yesterday's strong gains, while Nvidia shares continued to tumble amid uncertainty surrounding its CEO's future. Plus, the staggering amount wiped from Nvidia's market value in recent weeks.

**This episode was recorded with two hours of trading to go on Wall Street**

Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator at CommSec, as they take you through all the key numbers.

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