US Futures Rise After Weak Session
US stock futures moved higher on Wednesday after the major indexes declined in the previous session, pressured by losses in chipmaker Nvidia and a hotter-than-expected inflation reading. Nasdaq 100 futures advanced 0.4%, while Dow and S&P 500 futures each gained at least 0.1%. During Tuesday’s regular session, the Nasdaq Composite fell 0.74%, the S&P 500 slipped 0.38%, and the Dow declined 0.3%. Nvidia tumbled more than 5%, extending a selloff amid reports involving CEO Jensen Huang and an alleged Chinese spy. Equities also faced pressure as the latest CPI report cemented expectations for a December Federal Reserve rate hike, with markets now pricing in around a 91% chance of a move next month. Meanwhile, Anthropic is reportedly preparing for a potential market debut as early as next week, aiming to raise up to $90 billion at a diluted valuation of approximately $1.4 trillion.
US stock futures moved higher on Wednesday after the major indexes declined in the previous session, pressured by losses in chipmaker Nvidia and a hotter-than-expected inflation reading. Nasdaq 100 futures advanced 0.4%, while Dow and S&P 500 futures each gained at least 0.1%. During Tuesday’s regular session, the Nasdaq Composite fell 0.74%, the S&P 500 slipped 0.38%, and the Dow declined 0.3%. Nvidia tumbled more than 5%, extending a selloff amid reports involving CEO Jensen Huang and an alleged Chinese spy.
Equities also faced pressure as the latest CPI report cemented expectations for a December Federal Reserve rate hike, with markets now pricing in around a 91% chance of a move next month. Meanwhile, Anthropic is reportedly preparing for a potential market debut as early as next week, aiming to raise up to $90 billion at a diluted valuation of approximately $1.4 trillion.