US Stock Market today: Why are S&P 500, Nasdaq, Dow Jones, Russell 2000 down ahead of Veterans Day 2026? Check key Wall Street stocks

US Stock Market indexes — S&P 500, Nasdaq, Dow Jones, and Russell 2000 — fell on Tuesday. This came after the Labor Department said the Consumer Price Index or CPI increased 0.4 per cent last month, its third straight gain of 0.4 per cent or more and above the 0.3 per cent estimate of economists polled by Reuters, after advancing 0.6 per cent in September.

On Tuesday, S&P 500 fell 29.01 points, or 0.4 per cent, to 7,520.93, Dow Jones Industrial Average fell 157.86 points, or 0.3 per cent, to 52,231.89, Russell 2000 fell 19.44 points, or 0.7 per cent, to 2,821.38, and Nasdaq fell 187.26 points, or 0.7 per cent, to 25,065.87.

Why is US Stock Market Down?

The discouraging report on inflation caused traders to up their forecasts for coming hikes to interest rates by the Federal Reserve. One top Fed official even suggested that it could raise its main interest rate by twice the typical amount at its meeting next month. Treasury yields jumped in the bond market even though oil prices continued to ease.

S&P 500 technology sector dropped more than 1 per cent on Tuesday as the worst-performing of the 11 major sectors, weighed down by another drop in Nvidia, which fell nearly 6 per cent and has tumbled about 10 per cent over the past two sessions.

Wall Street Stocks
Lennar fell 4.4 per cent for one of the sharper losses in the S&P 500. Rival homebuilders also fell, including drops of 3.6 per cent for D.R. Horton and 3.5 per cent for PulteGroup. Builders FirstSource, which sells crown mouldings, cabinets and other products to homebuilders, sank 3.9 per cent.

GE Vernova, which is helping to power AI data centers, dropped 7 per cent. Micron Technology, which sells memory for computers, fell 3.6 per cent after flipping between gains and losses earlier in the morning. CoreWeave, a company that rents out access to AI chips to customers over the cloud, fell 2.6 per cent.