US stocks slid on Tuesday after October's inflation numbers came in higher than expected, making investors nervous about more interest rate hikes.
The Dow fell 257 points, the S&P 500 dropped nearly 46 points, and the Nasdaq lost 188 points, all closing in the red.
Utilities, real estate hit, NVIDIA slides
Most sectors took a hit, especially utilities and real estate, as talk of longer high rates resurfaced, though financial stocks managed a small gain.
Chipmakers weren't spared either: the Philadelphia Semiconductor Index slipped almost 1%.
NVIDIA shares fell more than 4%, partly due to uncertainty around CEO Jensen Huang's future.
Meanwhile, everyone's watching Anthropic's upcoming IPO, which could shake up the AI space even more.