US Stocks Move: October CPI Exceeds Expectations, Raising Rate Hike Bets; Nasdaq Futures Plunge 1.3%, Most Major Tech Stocks Drop

Zhitong Finance APP has learned that on Tuesday, following the release of the U.S. October inflation data, Nasdaq 100 index futures plunged in the short term and are now down 1.3%. Most leading tech stocks declined: Intel (INTC.US) dropped more than 4%, SpaceX (SPCX.US) fell over 3%, while Tesla (TSLA.US), AMD (AMD.US), NVIDIA (NVDA.US), and Broadcom (AVGO.US) all fell by more than 2%.