Daily Bulletin · Tuesday, November 10, 2026 · pre-market

S&P 500 jumps +2.36% as oil eases; CPI now in focus

S&P 5007,549.01+2.36%Nasdaq25,251.39+2.76%10Y4.86%+0.01WTI$85.92−0.53%Gold$4,138.81−0.05%VIX20.04−21.81%

In brief

Stocks rebound: The S&P 500 rose +2.36%, its best day since April, as lower oil and tech gains eased the prior week's volatility.¹^,2
Futures slip: Nasdaq 100 futures slipped -0.67% before the open, after Citi turned more cautious on tech.¹
CPI in focus: October CPI is due today, the final inflation report before the Fed's December 8-9 meeting.³^,4

What it means

Monday's gain was the S&P 500's second straight advance and followed a broad decline driven by worries that Democratic midterm wins could slow AI data center construction.² Over five sessions the S&P 500 edged up +0.08% and the Nasdaq 100 slipped -0.26%, so the rally mostly repaired earlier damage. The bounce reads more like relief than a settled view on the AI spending story.

The day in review and where money is flowing

Over the past month Consumer Discretionary led, beating the S&P 500 by +9.2 pts, while Technology and Energy sat in the lagging group with weakening momentum. Inside the leading sector, Recreational Vehicles outpaced the S&P 500 by +24.3 pts, ahead of Lodging and Home Improvement Retail. After Monday's close, The Trade Desk posted better-than-expected third-quarter results and Sanmina issued a full-year outlook above Street expectations.⁵

AI trade: doubts linger

Citi tactically cut US, global and European tech to Neutral from Overweight, citing positioning and sentiment and bracing for more short-term downside.¹ Nvidia said it is investigating reports that CEO Jensen Huang was the target of a foreign intelligence effort.⁶ Chicago Fed President Goolsbee said the AI data center build-out is starting to look like old-fashioned demand overheating.⁴

Market mood

The VIX fell -21.81% to 20.04, a level that still sits in Metravise's tense zone. The equity put/call ratio stood at 0.59, below its 5-day average of 0.64, a sign that demand for hedges eased during the rebound.

What to watch today

Times are US Eastern (ET).

Reported last night

RKLBRocket Lab CorporationEPS below the estimate (-80.6%)
QLYSQualys, Inc.EPS above the estimate (+8.4%)
AAONAaon IncEPS above the estimate (+43.5%)
OCULOcular Therapeutix, Inc.EPS below the estimate (-19.6%)

23:10
US index futures (futures, not the session)Versus the prior close, S&P 500 futures are -0.09% and Nasdaq 100 futures -0.67%; these are futures prices, not the session. The US session opens at 9:30 ET.
Tue 18:30
Fed Vice Chair for Supervision Michelle W. Bowman speaks — Economic OutlookBowman speaks in Washington, one of several Fed officials on today's schedule; topics were not stated.⁷
Tue 04:00
Fed Governor Christopher J. Waller speaks — Economic OutlookWaller speaks in London at 4 a.m. ET, a day after Goolsbee flagged services inflation not driven by oil or tariffs.⁷^,4
Tue 08:30
Consumer price index (CPI)Economists polled by Dow Jones expect headline CPI of 0.3% and core of 0.2%, after September readings of 0.6% and 0.3%.³
Tue 08:30
Real earningsReal earnings adjust wages for inflation, so a softer CPI print is generally read as firmer household purchasing power.
Tue
TransDigm Group Incorporated (TDG) earnings · today before the openTransDigm reports fiscal 2026 fourth-quarter results before the open and holds a conference call.⁸

Metravise Portfolio

PortfolioMonday change+5.53%
—No entries or exits in the last session.

Metravise is an educational research platform — this bulletin is not investment advice. News summaries are based on the footnoted sources; numbers are Metravise data. Past performance is not indicative of future results.

Sources

Dow surges 1,100 points, Nasdaq climbs more than 2% as tech rebounds from last week's tumult: Live updates — CNBC · Nov 10
How major US stock indexes fared Monday 11/9/2026 — The Washington Post · Nov 10
S&P 500 futures are little changed as traders brace for crucial consumer inflation report: Live updates — CNBC · Nov 10
A key report for where inflation stood in October comes out Tuesday. Here's what to expect — CNBC · Nov 10
Stocks making the biggest moves after hours: Trade Desk, Sanmina, Securitize & more — CNBC · Nov 10
Nvidia stock falls after investigation into CEO, bucking market rally — CNN · Nov 10
Tuesday's big stock stories: What's likely to move the market in the next trading session — CNBC · Nov 10
TransDigm Fourth Quarter Earnings Report and Conference Call Set for Tuesday, November 10, 2026 — Morningstar · Nov 3