Stock Market Week Ahead (Nov 9-13): October CPI Tuesday, Take-Two Before GTA 6, Then Cisco and Applied Materials

TL;DR

• The October CPICPI (the Consumer Price Index) is the US government’s main monthly inflation measure: what a basket of everyday goods and services costs compared with a month and a year ago. It lands mid-month and is the inflation number headlines quote. report lands Tuesday, November 10 at 8:30am ET, and it will not include a yearly inflation rate. The government shutdown of autumn 2025 stopped price collection in October 2025, so there is no year-earlier figure to compare this October against. Forecasts put the monthly rise near 0.2% to 0.3%, down from 0.6% in September.
• Stocks are coming off their worst week since April 2025. The S&P 500 closed Friday at 7,376.86, up 0.31% on the day but down about 2.7% over the week.
• Take-Two reports Monday after the close, ten days before Grand Theft Auto VI goes on sale on November 19. On the same Monday, the last of the restrictions that stopped Cerebras insiders from selling their shares after its listing end.
• Wednesday is Veterans Day. The stock market is open as normal and the bond market is closed for the day.
• Cisco and Applied Materials both report Thursday after the close, each with a 4:30pm ET call. October producer prices follow Friday at 8:30am.

The Board

Take-Two reports Monday, CPI lands Tuesday, Wednesday is Veterans Day, and Cisco and Applied Materials report Thursday.

What Time Is the October CPI Report?

8:30am ET on Tuesday, November 10. The Bureau of Labor Statistics publishes it, per its own CPI release schedule.

The Cleveland Fed publishes a nowcast, which is a running estimate of inflation before the official figure arrives. As of November 6 it put October's one-month rise at 0.24% for overall prices and 0.21% for core inflationCore inflation strips food and energy out of CPI or PCE, because those prices swing with the weather and the oil market rather than the economy. The Fed watches core as the cleaner read on underlying price pressure, even though people still pay for food and fuel.. September came in at 0.6%, the hottest month of the year, so forecasters have inflation slowing sharply. It is the last inflation reading the Fed sees before deciding on December 9.

Why October's CPI Has No Yearly Inflation Rate

There is no October 2025 figure to compare against. The 2025 government shutdown stopped price collection that month, and the Bureau of Labor Statistics cancelled the release rather than gathering the data later. Its shutdown FAQ is explicit. BLS "will not publish 12-month percent changes for October 2026 for indexes where October 2025 data are not available". That covers the headline and core measures most people quote. Gasoline and vehicles keep theirs, because those series survived the gap.

So the monthly change is the only inflation figure this report produces. Some previews carry a yearly estimate anyway, and CNBC quotes a FactSet average of 3.9%. I would not expect that number in the release. Only October is missing, so the annual rate returns on December 10. August's CPI preview explains how the index is built.

Last Week: The S&P 500 Fell About 2.7%, Its Worst Week Since April 2025

Friday was a rebound inside a bad week. The S&P 500 closed at 7,376.86, up 0.31%, and the Nasdaq Composite rose 1.09% to 24,579.42. Both are regular-session closes. The damage came Thursday, when chip and AI shares sold off hard.

Friday's jobs report showed 165,000 jobs added against forecasts near 50,000 to 80,000, which pushed up the odds of a rate rise on December 9. Interest-rate futures put those odds at roughly 70% to 80% depending on the source. The Fed held its range at 3.75% to 4.00% on October 28, on a 10-2 vote. The 10-year Treasury yield was 4.84% on Thursday, per the Federal Reserve's own daily release.

Our Fed meeting page tracks the odds of a rise on December 9, and our sector heatmap shows which sectors are moving the market. Last week's edition has the jobs report in full.

Monday, November 9: Take-Two Before GTA 6, and the Cerebras Lock-Up Expires

Wholesale inventories for September arrive at 10:00am ET, and the data calendar is otherwise empty.

Take-Two reports after the close, with its call at 4:30pm ET. Grand Theft Auto VI goes on sale ten days later, on November 19. The quarter being reported ended in September, so it contains none of that game, which makes the forecast the part that matters. Take-Two guided to net bookings of $1.62 billion to $1.67 billion for the quarter and $8.0 billion to $8.2 billion for the fiscal year. Net bookings count what customers bought in the period, and it is the figure the company steers by. The August preview covers how pre-orders feed into it.

Cerebras reaches the end of its lock-upAfter a company lists, insiders and early investors are barred from selling their shares for a set period, the lock-up. When it ends those shares can be sold for the first time, so a large release can pressure the stock. on Monday. Its prospectus released shares in nine dated steps, about 171.1 million in all, and the balance frees up at the earlier of two trading days after the third-quarter report or November 9. Cerebras has not announced a reporting date and projected dates fall later, so Monday binds.

Cerebras publishes no exact count of the shares that become sellable on Monday. Its lock-up schedule works in percentages of a pool that counts share options and restricted stock alongside shares already issued. The scale is clear without it: the listing sold 34.5 million shares out of about 226.5 million. Cerebras closed Friday at $89.68, up 9.75% and less than half its $185 listing price. SpaceX's lock-up expiry shows how little a release date predicts the move.

KKR and Barrick Mining report before the bell, with Constellation Energy also expected. Occidental Petroleum and Hims & Hers follow after the close.

Tuesday, November 10: CPI at 8:30am, Then CoreWeave After the Close

The NFIB small-business survey opens the day at 6:00am ET, a weekly ADP employment reading follows at 8:15am, and CPI lands at 8:30am.

CoreWeave reports after the close, with its call at 5:00pm ET, per the company. It rents out computing capacity for AI work, which puts it in the path of last week's selling. TransDigm reports too.

A second lock-up ends this week. Fervo Energy's quarterly filing puts its expiry on or about November 10. The same filing says holders of about 99% of its shares and share options agreed to those restrictions, directors and officers included. Some trackers list November 9 instead.

Wednesday, November 11: Veterans Day, Stock Market Open and Bond Market Closed

The stock market is open and the bond market is closed. The NYSE and Nasdaq keep regular hours, 9:30am to 4:00pm ET, because Veterans Day is not an exchange holiday. The Securities Industry and Financial Markets Association recommends a full close for US bond trading, on its own holiday schedule. The Federal Reserve, federal offices and post offices are shut too.

No major US release is scheduled, and Corpay is the only notable company reporting. With Treasuries closed the day after an inflation report, any bond reaction to CPI gets compressed into Tuesday and Thursday.

Thursday, November 12: Cisco and Applied Materials, Both After the Close

Jobless claims arrive at 8:30am ET and existing home sales at 10:00am. New York Fed president John Williams speaks at 6:30am, the first scheduled Fed voice since the jobs report.

Cisco reports its first fiscal 2027 quarter after the close, with its call at 4:30pm ET, per the company. The quarter ended October 24, and analysts expect about $18.1 billion in revenue, the average of 24 estimates, per the earnings calendar.

Applied Materials reports its fourth fiscal quarter the same afternoon, also at 4:30pm ET, per its own announcement. Analysts expect about $10.3 billion in revenue, the average of 25 estimates. It sells the machines that make chips, so its forecast is a read on what chipmakers plan to spend next year. After a week in which investors cut AI positions, that forecast matters more than the quarter behind it. The August preview sets out the segments, and the decision piece has the valuation argument.

Ross Stores, Williams-Sonoma and NIQ Global Intelligence also report.

Friday, November 13: Producer Prices at 8:30am

October PPIPPI (the Producer Price Index) measures the prices businesses receive for what they sell, before goods reach the shop. It lands within a day or two of CPI and is read as an early signal of where consumer prices are heading. closes the week at 8:30am ET, per the BLS schedule. It measures what producers receive rather than what shoppers pay.

September's reading was 1.3% in one month, the largest rise since March 2022, with more than 80% of it from energy. Forecasts for October are near 0.4%. A second month near September's figure would argue for a December rate rise more strongly than anything in Tuesday's report.

The One-Line Read

Tuesday's CPI is the week's biggest release, and it comes without the yearly inflation rate these reports normally carry. On Thursday, Cisco and Applied Materials say whether their customers are still planning to spend on AI equipment.