00:06U.S. stocks ended lower on Tuesday after stronger than expected inflation data reinforced expectations that the Federal Reserve will
00:15raise interest rates again in December.
00:17The Consumer Price Index CPI rose 0.4% in October above economists' forecasts of 0.3%, marking the third
00:26consecutive month of elevated inflation and raising concerns that price pressures remain stubborn.
00:35Investor sentiment was further rattled by hawkish comments from Federal Reserve officials.
00:40Fed Governor Christopher Wallace signaled support for a December rate hike and suggested policymakers could consider a larger half-point
00:48increase if inflation worsened.
00:51Markets are now fully pricing in at least a 25-basis-point rate increase next month, while expectations for a
00:5850-basis-point hike have now also emerged.
01:02The renewed rate concerns pushed Treasury yields sharply higher and weighed on equities.
01:08The Dow Jones Industrial Average fell 0.3%, and the S&P 500 lost 0.38%, and the Nasdaq Composite
01:16declined 0.74%.
01:19Technology stocks led the losses, with the S&P technology sector dropping 1.4%, while NVIDIA slid another 5.4
01:28% amid ongoing scrutiny surrounding CEO Jensen Huang.
01:32Investors are closely watching the upcoming Anthropic IPO, which is expected to raise up to US$64.4 billion, and
01:41value the AI company at as much as US$1.4 trillion.
01:45The blockbuster listing is seen as a key test for appetite for AI-related investments at a time when rising
01:52interest rates, regulatory uncertainty, and concerns over AI spending are creating greater volatility across technology markets.
