Tuesday, November 10, 2026 | 4 min read
Top 3 Takeaways
- October CPI at 8:30 AM is the key test for a December Fed hike.
- Stocks had their best day since April, even as Nvidia fell 4%.
- NRG's $4 billion plant sale leads a busy day for deals.
Markets Snapshot
As of about 5:40 AM ET Tue, Nov 10 (bitcoin as of 6:10 AM ET)
| S&P 500 futures | 7,576.50 | +0.03% |
| Dow futures | 52,645.00 | +0.28% |
| Nasdaq-100 futures | 27,929.50 | -0.30% |
| 10-year Treasury | 4.86% | +1 bp |
| Brent crude | $89.92 | -2.86% |
| WTI crude | $84.59 | -2.60% |
| Bitcoin | $74,162 | +0.15% |
Deals & IB
- NRG Energy agrees to sell six gas power plants to LS Power for $4 billion in cash; NRG shares rose about 10% (Nov 9) Read more
Banks not disclosed yet - Strathcona Resources agrees to buy Greenfire Resources for C$11.00 cash or 0.25 Strathcona shares per share, a 39% premium (Nov 8) Read more
Banks not disclosed yet - Surgery Partners' buyer raises its offer to $25 a share in cash after a rival bid at $28 (Nov 9) Read more
Banks not disclosed yet - Akamai proposes about $2.2 billion of convertible notes due 2028 and 2031 (Nov 9) Read more
Banks not disclosed yet
Why it matters for IB
An asset sale lets a company unlock value from noncore businesses, often at a better multiple than the market gives the whole company, and using the proceeds to pay down debt can lower its cost of capital.
Macro & Policy
- October CPI comes out at 8:30 AM; forecasts call for 0.3% monthly headline inflation and 0.2% core. Read more
- Fed Governor Waller leans toward a quarter-point hike in December, and would consider a half-point move if inflation runs hot. Read more
- Oil fell nearly 3% toward $90 Brent after the President said military action against Iran is not needed for now. Read more
- TSMC's October revenue rose about 60% from a year earlier, another sign of strong AI chip demand. Read more
Earnings & Coming Up
- Today: October CPI (8:30 AM); On Holding, Sea, TransDigm and Honda report, then CoreWeave, D-Wave Quantum and Rigetti after the close.
- Wed Nov 11: Veterans Day; stocks open, bond market closed.
- Thu Nov 12: jobless claims (8:30 AM); Cisco and Applied Materials after the close.
- Fri Nov 13: producer price index and import prices (8:30 AM).
- Tue Nov 17: Nvidia earnings (call at 5:00 PM). Read more
Finance in a Line
Convertible notes. bonds that pay interest but can be swapped for a set number of the issuer's shares, so they usually carry a lower rate than regular debt. Why it matters: interviewers ask why a company picks converts over straight debt or new equity.
“Great things are not done by impulse, but by a series of small things brought together.”
Vincent van Gogh
Sources: TipRanks, Yahoo Finance, StockTitan, CNN, public prediction market data.