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The Stock Market Today, November 10, Waits on Inflation Data as the Fed's Waller Leans Toward a Rate Hike

By Stock Titan Editorial Team LIVE
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A hand presses a new $4.79 price label over an old $4.49 label on a supermarket shelf above a row of peanut butter jars

S&P 500 futures were little changed on November 10, before the 8:30 a.m. ET inflation report, CNBC reported. Fed Governor Christopher Waller leans toward a December rate hike, and said a half-point hike should be considered if core prices, without food and energy, rise about 0.3% or more. By 8:04 a.m. ET, PepGen more than doubled after drug trial results.

  1. 01Live updates
  2. 02Biggest stock movers today and why
  3. 03The CPI report and a December Fed rate hike
  4. 04What to watch for the rest of the day
  5. 05Frequently asked questions

The short answer. Wall Street is waiting on October's consumer price index, because Waller said a hot reading could call for a bigger December hike than the quarter point he leans toward. Core prices rose 0.3% or more in 4 of the first 9 months of 2026, August and September included, while economists polled by Dow Jones expect 0.2% for October, CNBC reported. A bigger hike would make loans costlier for families and companies.

The market before the bell, Tuesday

SPY, the S&P 500 fund
+0.11%
pre-market at 8:04 a.m. ET, before the 8:30 a.m. ET inflation report
PepGen (PEPG)
+121.76%
pre-market at 8:04 a.m. ET, after it reported trial results for a rare muscle disease drug
Digital Turbine (APPS)
-23.36%
pre-market at 8:03 a.m. ET, following its results
The fund that tracks the S&P 500 barely moved before the inflation report, while PepGen and Digital Turbine moved sharply after their news. Figures from StockTitan real-time Nasdaq data against the November 9 close, as of November 10, 2026.

Every company reporting the same week, with its date and time, is in StockTitan's Earnings Calendar for the Week of November 9, 2026.

On this page

Live updates

The newest update comes first. Each one says what changed in the market's story, with the time it was written. Stock moves come from StockTitan's real-time data unless another source is named.

8:06 a.m. ET

Futures hold steady before the inflation report as PepGen more than doubles

With the inflation report less than half an hour away, stock futures were little changed. S&P 500 futures were around the flatline, Dow futures rose 0.3% and Nasdaq 100 futures slipped 0.4%, CNBC reported at 7:56 a.m. ET.

Company news kept moving single stocks. PepGen was up 121.76% by 8:04 a.m. ET after it reported trial results for its drug for a rare inherited muscle disease (PepGen release). AAON, a maker of heating and cooling equipment, rose 14.86% by 8:00 a.m. ET after record quarterly sales and a higher forecast (AAON release).

GFL Environmental stayed lower after its board ended a review of offers to take it private and said the company will stay public (GFL release). Janus International, a maker of self-storage buildings, was down 18.91% by 8:04 a.m. ET following its results (Janus release). D-Wave's quarter is covered in StockTitan's D-Wave results article.

7:00 a.m. ET

Futures wait on inflation data as the Fed's Waller leans toward a December hike

After Monday's rally, stocks are on hold for the inflation report. S&P 500 futures were up 0.1% and Nasdaq 100 futures down 0.2%, CNBC reported early Tuesday. In a speech in London this morning, Fed Governor Christopher Waller said he leans toward a December rate hike. He added that a bigger one may be needed if prices run hot (Federal Reserve).

Quantum rose and Digital Turbine fell after reporting results. Quantum was up 17.25% by 6:49 a.m. ET after it reported a record order backlog (Quantum release). Digital Turbine fell 24.78% by 6:56 a.m. ET following its results, even though it raised its revenue forecast (Digital Turbine release).

Elsewhere, GFL Environmental, the waste collector, fell 13.91% by 6:56 a.m. ET. Nvidia, which fell more than 4% on Monday, edged up 0.6% before the bell, CNBC reported.

Biggest stock movers today and why

Before the open, PepGen rose after drug trial results, and Securitize rose after announcing a deal, results and a buyback. Quantum rose after a record order backlog, and AAON after record sales. Digital Turbine, Janus International and Rocket Lab fell following their results, and GFL Environmental fell after ending a review of buyout offers.

Selected pre-market movers and their company news, November 10, 2026
CompanyMoveWhy
PepGen (PEPG)+121.76%, pre-market, 8:04 a.m. ETThe biotech reported trial results for PGN-EDODM1, its drug for myotonic dystrophy type 1, a rare inherited muscle disease. It reported average splicing correction of 46.5% after four monthly doses. That measures how well the drug repairs the faulty genetic message behind the disease. The company called it the highest reported in a multiple dose study of the disease and reported no serious side effects (trial release, results).
Securitize (SECZ)+21.81%, pre-market, 8:04 a.m. ETIt agreed to buy River One, which is developing a platform to connect stablecoin money (digital tokens meant to hold a steady dollar value) with asset-backed lending. It also approved a $50 million share buyback and reported third-quarter results (deal release, results).
Senseonics (SENS)+18.53%, pre-market, 7:54 a.m. ETThe maker of an implanted glucose sensor for people with diabetes said third-quarter revenue rose about 140% to $19.6 million, and it raised its 2026 revenue forecast to $68 million to $70 million, from $62 million to $66 million (release).
Quantum (QMCO)+16.61%, pre-market, 8:00 a.m. ETQuarterly revenue rose 42.9% to $89.6 million, and it ended September with a record backlog of nearly $100 million, and it also secured what it called one of the most significant purchase orders in its history, a major deployment for a giant data center operator (release).
AAON (AAON)+14.86%, pre-market, 8:00 a.m. ETThe heating and cooling equipment maker reported record third-quarter sales of $707.4 million, up 84.1%, and raised its 2026 forecast to sales growth of 72% to 75%. It also restated its first-half results after finding accounting errors, which raised first-half sales by $10.7 million (release).
ASE Technology (ASX)+6.08%, pre-market, 7:57 a.m. ETThe chip packaging and testing company said October revenue rose 47.1% from a year earlier (release).
Babcock & Wilcox (BW)+5.54%, pre-market, 8:04 a.m. ETThird-quarter revenue more than doubled to $290.8 million, its backlog reached $2.5 billion, and it set a 2027 target of $125 million to $140 million for adjusted EBITDA, a profit measure before interest, taxes and some other costs (release).
Venture Global (VG)+3.73%, pre-market, 8:04 a.m. ETThe gas exporter raised its 2026 adjusted EBITDA forecast to $10.0 billion to $10.3 billion, from $8.7 billion to $9.1 billion (release).
Digital Turbine (APPS)-23.36%, pre-market, 8:03 a.m. ETIt fell following its results, in which it raised its revenue forecast for the fiscal year to March 2027 to $670 million to $690 million and kept its adjusted EBITDA forecast at $145 million to $155 million. Quarterly adjusted EBITDA was $39.8 million, up 46% from a year earlier (release, August release).
Janus International (JBI)-18.91%, pre-market, 8:04 a.m. ETThe maker of self-storage buildings fell following its results, which showed third-quarter revenue down 2.8% to $213.1 million and adjusted EBITDA down 22.0%. Its chief executive said activity was softer than the company expected (release).
Groupon (GRPN)-18.22%, pre-market, 7:48 a.m. ETThe local deals site fell following its results, in which third-quarter revenue rose 2%, and it forecast 2026 revenue of $500 million to $503 million, flat to up 1% (release).
Gilat Satellite Networks (GILT)-17.81%, pre-market, 8:02 a.m. ETThe satellite network company fell following its results, which showed third-quarter revenue of $116.2 million, against $117.7 million a year earlier. It revised its 2026 revenue forecast to $455 million to $475 million (release).
GFL Environmental (GFL)-13.91%, pre-market, 8:03 a.m. ETThe waste collector said its board ended a review of unsolicited offers to buy the company and take it private. The board found the offers were not in the company's best interests and decided it will stay a public company (release).
WhiteFiber (WYFI)-9.09%, pre-market, 8:04 a.m. ETThe AI data center company fell following its results, which showed third-quarter revenue up 19% to $24.0 million and a net loss of $101.4 million, including an $80.8 million charge tied to settling part of its convertible notes (release).
Rocket Lab (RKLB)-7.95%, pre-market, 8:04 a.m. ETIt fell following its November 9 results, which showed record revenue of $268 million and a backlog of about $3.6 billion, with the first launch of its larger Neutron rocket targeted for no earlier than 2027. The shares had risen 10.9% in Monday's regular session, before the release (release, StockTitan results article). At 8:00 a.m. ET on November 10, it said the twin satellites it built for NASA's ESCAPADE mission completed their burns toward Mars (ESCAPADE release).
On Holding (ONON)-4.70%, pre-market, 8:04 a.m. ETThe running shoe maker fell following its results, in which sales rose 17.2%, or 17.8% at constant currency (without exchange-rate swings), and it kept its forecast of sales growth in the low 20% range this year at constant currency (release).

Source: StockTitan real-time Nasdaq data and StockTitan's pre-market movers board, against each stock's November 9 close; company releases linked in each row.

Quantum makes tape storage, which big data center operators use to keep huge amounts of data cheaply. The company called tape its most consistent growth driver, with demand from the largest data center operators more than 2.6 times what it was a year earlier (Quantum release).

Babcock & Wilcox builds power plant equipment. It said its pipeline of possible projects now includes 6 gigawatts of new power for utilities, factories and data centers (Babcock & Wilcox release).

Rocket Lab's quarter is covered in full in StockTitan's Rocket Lab results article. Monday's session, when the S&P 500 had its best day since April 8, CNBC reported, is in StockTitan's November 9 market coverage.

The CPI report and a December Fed rate hike

A rate hike makes borrowing cost more, which the Fed uses to slow rising prices. Waller leans toward a quarter-point hike in December, and said a hot October reading would mean a half point should be considered.

Waller spoke at a conference in London on Tuesday morning, November 10, hours before the report. "I am leaning toward supporting an increase in our policy rate of 25 basis points at the FOMC's December meeting," he said. A basis point is a hundredth of a percentage point, so 25 is a quarter point (Federal Reserve).

He then set a condition. If October's core CPI, which leaves out food and energy, comes in "around 0.3 percent or even higher," he said, "a 50 basis point hike in the policy rate should be considered at the December meeting." He added that a smaller step would put the Fed's credibility at risk (Federal Reserve).

He also named what he will look for in the report. He wants to see how widely prices are rising, whether prices of high-tech goods tied to the AI buildout keep climbing fast, and whether higher energy costs are passing into other prices (Federal Reserve).

Core CPI, monthly change, seasonally adjusted, BLS, January to September 2026. Core prices rose 0.3% in August and again in September, the level at which Waller said a half-point hike should be considered if October repeats it.
Core CPI, monthly change, seasonally adjusted, BLS, January to September 2026 Core prices rose 0.3% in August and again in September, the level at which Waller said a half-point hike should be considered if October repeats it. Figures from Bureau of Labor Statistics, CPI for all items less food and energy, seasonally adjusted (series CUSR0000SA0L1E), as of November 10, 2026.
Show the data
CategoryValue
Jan0.3%
Feb0.2%
Mar0.2%
Apr0.4%
May0.2%
Jun0.0%
Jul0.2%
Aug0.3%
Sep0.3%

That line is close to recent readings. Core prices rose 0.3% or more in 4 of 2026's first 9 months, including August and September, the Bureau of Labor Statistics index shows, and September's overall index jumped 0.6% (BLS). Waller called September's inflation data "bad" (Federal Reserve).

The report comes at 8:30 a.m. ET (BLS). It will carry no yearly rate, because the government could not collect prices in October 2025 during the shutdown, as StockTitan's CPI preview explains. So the monthly change is the number traders will watch.

What to watch for the rest of the day

The inflation report lands an hour before the regular session opens at 9:30 a.m. ET. CoreWeave and Rigetti hold calls on their results at 5:00 p.m. ET.

  • 8:30 a.m. ET: whether October's core prices reach the 0.3% line Waller named, in the consumer price index for October (BLS), also on StockTitan's economic calendar.
  • 9:00 a.m. ET: Venture Global's call on its results (Venture Global release).
  • 5:00 p.m. ET: CoreWeave's call on its third-quarter results (CoreWeave announcement) and Rigetti Computing's call on its own (Rigetti announcement).
  • December 8 and 9: the Fed's next policy meeting, where it decides whether to raise rates by a quarter point, a half point or not at all (Federal Reserve calendar).

Our numbers

These figures are our calculations from the sources linked in this article.

  • Core prices up 0.3% or more in 4 of the first 9 months of 2026, August and September included, and the monthly changes in the chart: month-to-month changes in the BLS seasonally adjusted index for all items less food and energy (series CUSR0000SA0L1E), where September matches the BLS published 0.3%.

Frequently asked questions

Before the bell on November 10, Dow futures rose 0.3% and Nasdaq 100 futures fell 0.4% as traders waited for the October inflation report at 8:30 a.m. ET, CNBC reported at 7:56 a.m. ET. Fed Governor Waller said he leans toward a December rate hike and that a half-point hike should be considered if core prices rise about 0.3% or more.

PepGen rose 121.76% before the bell by 8:04 a.m. ET on November 10. It reported trial results for PGN-EDODM1, its drug for myotonic dystrophy type 1, a rare inherited muscle disease, and said the drug was generally well tolerated.

Digital Turbine fell 23.36% before the bell by 8:03 a.m. ET on November 10, following its results. It raised its revenue forecast for the fiscal year to March 2027 to $670 million to $690 million and kept its adjusted EBITDA forecast unchanged. Its quarterly adjusted EBITDA was $39.8 million, up 46% from a year earlier.

Securitize rose 21.81% before the bell by 8:04 a.m. ET on November 10. It agreed to buy River One, which is developing a platform to connect stablecoin money with asset-backed lending, and approved a $50 million share buyback.

Quantum rose 16.61% before the bell by 8:00 a.m. ET on November 10. Its quarterly revenue rose 42.9% to $89.6 million, and it reported a record backlog of nearly $100 million.

GFL Environmental fell 13.91% before the bell by 8:03 a.m. ET on November 10. The waste collector said its board ended a review of unsolicited offers to take it private, found them not in the company's best interests, and decided it will stay a public company.

Rocket Lab fell 7.95% before the bell by 8:04 a.m. ET on November 10, following its November 9 results, which showed record quarterly revenue of $268 million. The shares had risen 10.9% in Monday's regular session, before the release, and StockTitan's Rocket Lab results article covers the quarter.

Babcock & Wilcox rose 5.54% before the bell by 8:04 a.m. ET on November 10. Its third-quarter revenue more than doubled to $290.8 million, and its backlog reached $2.5 billion.

Sources

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