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Wall Street ended lower on Tuesday as persistent inflation and hawkish Fed comments heightened concerns about further interest-rate hikes. Market participants continue to assess third-quarter earnings results. The Nasdaq Composite, the Dow and the S&P 500 ended in negative territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.3%, or 157.86 points, to close at 52,231.89. Fifteen components of the 30-stock index ended in negative territory; 13 ended in negative territory, and two remained unchanged.
The tech-heavy Nasdaq Composite declined 0.7% to close at 25,065.87.
The S&P 500 lost 0.4% to end at 7,520.93. Out of the 11 sectors of the broad-market index, six ended in negative territory while five ended in positive territory. The Materials Select Sector SPDR (XLB), the Communication Services Select Sector SPDR (XLC) and the Information Technology Select Sector SPDR (XLK) fell 0.6%, 0.2% and 1.4%, respectively. The Financials Select Sector SPDR (XLF) and the Consumer Discretionary Select Sector SPDR (XLY) advanced 0.5% and 0.5%, respectively.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 2.3% to 19.46. A total of 17.08 billion shares were traded on Tuesday, lower than the last 20-session average of 18.83 billion. The S&P 500 posted seven new 52-week highs and three new lows, and the Nasdaq Composite recorded 59 new highs and 238 new lows.
Hot CPI Data Fuels Fed Rate Concerns
U.S. consumer inflation remained elevated in October, with the Consumer Price Index (CPI) rising 0.4% month over month, down from 0.6% in September. Core CPI, which excludes food and energy, increased 0.3%, matching the September pace. Annual headline and core inflation rates were not reported for October due to the lack of comparable October 2025 data following the government shutdown.
Adding to concerns over persistent inflation, the Fed may warrant at least two more 25-basis-point rate hikes, said Dallas Fed President Lorie Logan. The market is pricing in a 25-basis-point rate hike at the Fed’s December meeting at 87.3%, according to CME FedWatch.
Q3 Earnings Results
The Trade Desk, Inc. (TTD - Free Report) reported third-quarter 2026 adjusted earnings of $0.33 per share, beating the Zacks Consensus Estimate of $ 0.26 per share. Total revenues of $735.97 million beat the consensus mark by 13.10% and decreased $739.43 million year over year.
Occidental Petroleum Corporation (OXY - Free Report) reported second-quarter 2026 adjusted earnings per share of $1.91, beating the Zacks Consensus Estimate of $1.43. Total revenues of $6.77 billion outpaced the consensus estimate by 0.56% compared with $6.72 billion in the year-ago quarter.
Ameresco, Inc. (AMRC - Free Report) reported third-quarter 2026 adjusted earnings of $0.88 per share, beating the Zacks Consensus Estimate of $ 0.59 per share. Total revenues of $580.32 million beat the consensus mark by 3.21% and increased $525.99 million year over year.
Consequently, the stock prices of The Trade Desk, Occidental Petroleum Corporation and Ameresco, Inc. rose 3.3%, 2% and 23%, respectively. The Trade Desk and Occidental Petroleum Corporation stocks currently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
View the Zacks #1 Rank List
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Stock Market News for Nov 11, 2026
Wall Street ended lower on Tuesday as persistent inflation and hawkish Fed comments heightened concerns about further interest-rate hikes. Market participants continue to assess third-quarter earnings results. The Nasdaq Composite, the Dow and the S&P 500 ended in negative territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.3%, or 157.86 points, to close at 52,231.89. Fifteen components of the 30-stock index ended in negative territory; 13 ended in negative territory, and two remained unchanged.
The tech-heavy Nasdaq Composite declined 0.7% to close at 25,065.87.
The S&P 500 lost 0.4% to end at 7,520.93. Out of the 11 sectors of the broad-market index, six ended in negative territory while five ended in positive territory. The Materials Select Sector SPDR (XLB), the Communication Services Select Sector SPDR (XLC) and the Information Technology Select Sector SPDR (XLK) fell 0.6%, 0.2% and 1.4%, respectively. The Financials Select Sector SPDR (XLF) and the Consumer Discretionary Select Sector SPDR (XLY) advanced 0.5% and 0.5%, respectively.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 2.3% to 19.46. A total of 17.08 billion shares were traded on Tuesday, lower than the last 20-session average of 18.83 billion. The S&P 500 posted seven new 52-week highs and three new lows, and the Nasdaq Composite recorded 59 new highs and 238 new lows.
Hot CPI Data Fuels Fed Rate Concerns
U.S. consumer inflation remained elevated in October, with the Consumer Price Index (CPI) rising 0.4% month over month, down from 0.6% in September. Core CPI, which excludes food and energy, increased 0.3%, matching the September pace. Annual headline and core inflation rates were not reported for October due to the lack of comparable October 2025 data following the government shutdown.
Adding to concerns over persistent inflation, the Fed may warrant at least two more 25-basis-point rate hikes, said Dallas Fed President Lorie Logan. The market is pricing in a 25-basis-point rate hike at the Fed’s December meeting at 87.3%, according to CME FedWatch.
Q3 Earnings Results
The Trade Desk, Inc. (TTD - Free Report) reported third-quarter 2026 adjusted earnings of $0.33 per share, beating the Zacks Consensus Estimate of $ 0.26 per share. Total revenues of $735.97 million beat the consensus mark by 13.10% and decreased $739.43 million year over year.
Occidental Petroleum Corporation (OXY - Free Report) reported second-quarter 2026 adjusted earnings per share of $1.91, beating the Zacks Consensus Estimate of $1.43. Total revenues of $6.77 billion outpaced the consensus estimate by 0.56% compared with $6.72 billion in the year-ago quarter.
Ameresco, Inc. (AMRC - Free Report) reported third-quarter 2026 adjusted earnings of $0.88 per share, beating the Zacks Consensus Estimate of $ 0.59 per share. Total revenues of $580.32 million beat the consensus mark by 3.21% and increased $525.99 million year over year.
Consequently, the stock prices of The Trade Desk, Occidental Petroleum Corporation and Ameresco, Inc. rose 3.3%, 2% and 23%, respectively. The Trade Desk and Occidental Petroleum Corporation stocks currently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.