📊 Hot inflation and rate hike talk pulled stocks lower. The Nasdaq fell 0.74% to 25,065.87, the S&P 500 lost 0.38%, the Dow dropped 0.30% and Canada’s S&P/TSX Composite slid 0.76%. 🤖 Nvidia ($NVDA) sank 5.47% to $168.89, dragging all three averages, and its market cap briefly fell below $4 trillion for the first time since July 2025. Jensen Huang acknowledged the affair over the weekend, and lawmakers are now asking about chip purchases by the businesswoman’s company. 💻 Microsoft ($MSFT) dropped 3% after Anthropic announced a slate of workplace tools for Claude that could compete with Office. 🔗 Securitize ($SECZ) surged 22.38% to $8.53 after Citi upgraded it to buy on third quarter results and an expansion into asset-backed finance. Analyst Peter Christiansen pointed to monetization across token issuance, trading and stablecoin infrastructure. 🛒 Shopify ($SHOP) fell 4.73% to $204.69, extending last week’s slide. The loonie also weakened to 70.40 cents US from 70.81 Monday. 🏛️ October CPI rose 0.4% against the 0.3% expected, with core at 0.3% versus 0.2%. The 10-year Treasury yield jumped more than 14 basis points back above 5%. Fed Governor Christopher Waller opened the door to a half-point December hike, while Dallas Fed’s Lorie Logan called for two more quarter-point moves. 👨🏻💻 Researched and written daily by @timemino
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Waller says a half-point hike is on the table for December. Does the Fed go 50?
Yes, 50 basis points
No, 25 is enough
6 votes · 5d left
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