Nvidia's second straight day of sharp losses weighed on Wall Street as investors questioned CEO Jensen Huang's future amid a spying probe. (EPA Images pic)NEW YORK: US Treasury yields jumped and Wall Street stocks fell on Tuesday after a hotter-than-anticipated US inflation reading boosted chances for a Federal Reserve interest-rate hike of half a percentage point next month.
The dollar gained against major currencies, while gold fell sharply.
The US Consumer Price Index rose 0.4% in October, which was more than expected, after advancing 0.6% in September, according to official data. Economists polled by Reuters had forecast the CPI climbing 0.3% over the month.
In addition, core CPI - which strips out volatile food and energy prices and is often referred to as "underlying inflation" - landed at 0.3%, higher than the 0.2% consensus.
