US stock futures are pointing to a lower open on November 14, 2026, as investors react to hotter-than-expected inflation data. The Dow futures are down 0.25%, S&P 500 futures are off 0.5%, and Nasdaq futures are leading the decline with a 0.7% drop. The US Consumer Price Index (CPI) rose 0.4% month-on-month, surpassing the 0.3% forecast, while core CPI increased 0.3%, ahead of the 0.2% expected. This data, combined with hawkish remarks from Federal Reserve Governor Christopher Waller, has increased expectations for a December rate hike, now priced in at a 95% probability.
Anthropic is making headlines with plans to IPO 825 million shares at a price range of $70 to $78, targeting a retail allocation of around 20%. The IPO, expected around November 19, could raise up to $64.4 billion, valuing the company at $1.40 trillion on a fully diluted basis. Meanwhile, Nvidia is under pressure following a 4.5% drop earlier in the week amid allegations involving CEO Jensen Huang. The market assigns a 15% chance to his removal, with an 85% probability he remains after a board investigation.
The Nasdaq 100 is finding support around the 26,300 level but remains below key moving averages, maintaining a bearish bias. Technical analysts note that buyers would need to retake the 28,000 level to shift the outlook more constructively. In forex markets, the US dollar is rising, while GBP/USD is falling amid stronger dollar sentiment and political uncertainty in France. Oil prices are extending declines on hopes of Middle East diplomacy, with Brent trading 1.7% lower at $90 a barrel and WTI down 1.8% to $85 a barrel.