US stock indices fell on Tuesday, with the Nasdaq leading losses, after Federal Reserve Governor Christopher Waller said he would support a 25-basis-point interest rate increase at the December meeting. The Nasdaq dropped 1.25 percent, the S&P 500 lost 0.83 percent and the Dow Jones fell 0.65 percent.
Rate outlook draws attention
Lindsay Rosner of Goldman Sachs Asset Management said the Fed could drive a more aggressive tightening cycle, given that the Consumer Price Index continues to record high figures. She said a rate hike in December is the firm’s base scenario, despite broader concern around artificial intelligence. Persistent inflation, she added, means further hikes in 2027 cannot be ruled out.
Our market data show the S&P 500 at 7,549.94 points at the close of 9 November 2026, and the Nasdaq Composite at 25,253.14 points on the same day. The US federal funds rate stood at 3.88 percent, in force since 6 November 2026.
Mexico and oil move lower
The peso weakened 0.75 percent to 18.67 pesos per US dollar.
Crude prices also eased. West Texas Intermediate fell 0.08 percent to 86.77 US dollars a barrel, and Brent dropped 0.44 percent to 92.13 US dollars a barrel.
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Source: Federal Reserve | Data: S&P Dow Jones Indices · Nasdaq · FRED — St. Louis Fed
