The stock market finished in the red on Tuesday, as hotter-than-expected inflation data increased concerns that the Federal Reserve could raise interest rates again in December. October core consumer prices increased 0.3%, higher than economists expected of 0.2%.
Overall, S&P 500 fell 0.4% to 7,521, while Nasdaq slid 0.7% to 25,066.
Notable stocks for today include Cloudflare (NET) +4%, Broadcom (AVGO) +4%, and Amazon (AMZN) +2%.
Chart of the Day
Here is the one-year chart of Tesla (TSLA) as of October 28, 2026, when the stock was at $404.
Last quarter, more than 75% of North American vehicle deliveries included a sign-up for a paid Full Self-Driving (FSD) subscription. Its Robotaxi service is also gaining ground, with fully driverless miles increasing eightfold during the quarter, and management expects it to become a meaningful contributor to revenue and profit in 2027. Bronze-colored Cybercabs are already in operating in Austin, Texas. I’ve seen them here in Miami, Florida.
Beyond cars, Tesla has started early production of its Optimus humanoid robot. However, there are 10,000 things that have to go right for Optimus production in high-volume. The thing also has to be durable and reliable. Tesla expects to deliver 20,000 robots a week to customers around a year from now. CEO Elon Musk remains convinced Optimus will be the biggest product on Earth.
TSLA is part of our Growth Portfolio.
