US Stock Futures Climb as Nvidia Shares Stabilize
US stock futures moved higher on Friday as selling pressure on Nvidia shares eased following the resignation of CEO Jensen Huang amid an ongoing scandal. Futures tied to the Dow Jones, S&P 500, and Nasdaq 100 gained between 0.2% and 0.6%. In after-hours trading, Nvidia shares advanced more than 1%, rebounding from Thursday’s losses as investors evaluated the potential leadership transition at the chipmaker, with CFO Colette Kress assuming the role of interim CEO. Wall Street’s major indexes ended lower on Thursday, with the Dow falling 0.36%, while the S&P 500 and Nasdaq Composite declined 0.35% and 0.39%, respectively. Investors are now looking ahead to October’s PPI report for further indications of inflationary pressures. A stronger-than-expected consumer inflation reading, coupled with hawkish comments from Federal Reserve officials, has reinforced expectations that interest rates could be raised more aggressively.
US stock futures moved higher on Friday as selling pressure on Nvidia shares eased following the resignation of CEO Jensen Huang amid an ongoing scandal. Futures tied to the Dow Jones, S&P 500, and Nasdaq 100 gained between 0.2% and 0.6%. In after-hours trading, Nvidia shares advanced more than 1%, rebounding from Thursday’s losses as investors evaluated the potential leadership transition at the chipmaker, with CFO Colette Kress assuming the role of interim CEO. Wall Street’s major indexes ended lower on Thursday, with the Dow falling 0.36%, while the S&P 500 and Nasdaq Composite declined 0.35% and 0.39%, respectively.
Investors are now looking ahead to October’s PPI report for further indications of inflationary pressures. A stronger-than-expected consumer inflation reading, coupled with hawkish comments from Federal Reserve officials, has reinforced expectations that interest rates could be raised more aggressively.