U.S. Stocks May See Early Strength As Nvidia Rebounds, Producer Prices Rise Less Than Expected
- Nvidia stock climbed over 2% in Friday's premarket session, rebounding after a 4.3% drop on Thursday following CEO Jensen Huang's resignation.
- Inflation at the wholesale level grew less than the 0.4% forecast by economists, with the October PPI rising 0.3% from September.
- Major averages remain on track for weekly gains, with the Nasdaq up 3.2% for the week and the Dow tracking a 2% gain.
- Oil prices fluctuated after President Donald Trump posted on Truth Social, "We don't need a deal with Iran," pushing Brent crude over $96.
- Chief Financial Officer Colette Kress currently serves as interim CEO while the board conducts a search for a permanent replacement drawing from internal and external candidates.
21 Articles
21 Articles
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market started mixed as they digested the Producer Price Index (PPI) results.
This Friday, the band lost nearly 2% at the opening of Wall Street. The New York Stock Exchange opened on a positive note Friday, benefiting from a...
The US stock market showed a slight rise driven by the surge of important technology and favorable economic data.The wholesale price index rose to 6.5% year-on-year, surprising investors who expected a larger increase.
The excitement surrounding the departure of the Nvidia boss has for the time being settled, so that monetary policy gets a closer look at it. Wholesale prices consolidate interest rate expectations on the market.
Investors are primarily paying attention to the latest developments in the Nvidia scandal today, but the US producer price index (PPI), an important measure of wholesale inflation, also arrived in the afternoon - the markets are reacting to slightly more favorable data than expected, we can see particularly sharp swings in the leading indices and in gold, while the oil price is sideways after yesterday's jump. In addition, Finance Minister Scott…
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