Wall Street Swings on Nvidia Probe as US CPI and Energy-Driven Central Banks Take Focus

Nvidia's board investigation into CEO Jensen Huang kept US stocks volatile, with the Dow posting another 1,000-point swing ahead of Tuesday's CPI report. Rising energy prices continue to shape the ECB and Bank of England's policy stance.

Maz Vantage · 10 Nov 2026

Wall Street: Nvidia headlines and volatility

US equities remained volatile at the start of the week. MarketWatch reports that the Dow recorded its third 1,000-point swing in four days on Monday, with one strategist quoted as saying that Washington had gone from a tailwind to a potential headwind after an election and a negative Nvidia headline (MarketWatch).

Nvidia was at the centre of the move. The BBC reports that its shares closed about 4% lower on Monday after the company's board announced an independent investigation into reports that chief executive Jensen Huang was the target of a foreign intelligence effort. Mr Huang admitted an extramarital affair; China's foreign ministry called the allegations groundless, and Nvidia said it had no reason to believe its secrets or national security were compromised (BBC). President Trump said the FBI is looking into the matter (BBC). MarketWatch notes that analysts see the board investigation as a possible longer-lasting problem for the company, and that AMD and Broadcom shares rose on Monday while those companies could also face closer scrutiny of their sales practices (MarketWatch, MarketWatch). The Guardian adds that the episode has raised questions about the company's reliance on its founder (The Guardian).

US data and the Fed in focus

Attention turns to Tuesday's October consumer price report. Reuters, via Investing.com, says prices are expected to have risen at a slower pace (Investing.com). MarketWatch says the rally has been broadening beyond Big Tech, and that the CPI report together with a heavy schedule of Federal Reserve speakers could test that rotation (MarketWatch). The Fed most recently issued an FOMC statement on 28 October (Federal Reserve).

Company news in the US included Boeing's plan to cut about 5% of its commercial plane workforce through layoffs and attrition as it moderates the pace of its production ramp-up (The Guardian), and a wider-than-expected loss at Rocket Lab (MarketWatch). Separately, Californians rejected Proposition 40, a proposed 5% wealth tax on billionaires (BBC).

Asia and Europe

In Asia, Investing.com reported that Japan's Nikkei 225 closed up 2.76% on Tuesday (Investing.com). Chipmaking equipment maker Kokusai Electric reported record quarterly revenue, which it attributed to AI-related demand (Investing.com). In Europe, Germany's Infineon reported higher profit and revenue for its fiscal fourth quarter and expects a higher margin and revenue in fiscal 2027 (Nasdaq/RTTNews).

Energy prices and central banks

Energy costs are shaping monetary policy. The European Central Bank kept its deposit facility rate at 2.50% on 29 October, saying continued energy price rises pose upside risks to inflation and downside risks to growth, and that it is not pre-committing to a rate path (ECB). The Bank of England raised Bank Rate by 0.25 points to 4% on 4 November by an 8-1 vote, with one member preferring a 0.5-point rise; it cited a Middle East conflict now in its ninth month and said UK CPI inflation, at 3.5% in September, is expected to rise to around 5% by the middle of next year (Bank of England). At the COP31 summit, the UN climate chief said high fossil fuel prices spread inflation "like a cancer" (The Guardian).

Sources

Wall Street: Nvidia headlines and volatility

US data and the Fed in focus

Asia and Europe

Energy prices and central banks