U.S. Stocks May See Early Strength As Nvidia Rebounds, Producer Prices Rise Less Than Expected
- On Friday, November 13, 2026, U.S. stock futures pointed to a higher open as Nvidia shares rebounded over 2% and the October producer price index rose 0.3%, keeping wholesale inflation steady at 6.5% annually.
- Markets declined on Thursday as oil prices weighed on sentiment after President Donald Trump posted on Truth Social, "We don't need a deal with Iran," while Nvidia shares slumped 4.3% following CEO Jensen Huang's departure.
- Economists surveyed by Dow Jones had forecast a 0.4% increase in headline PPI, yet the actual 0.3% rise supported broader optimism; the Nasdaq is up 3.2% for the week.
- Following Huang's departure, Chief Financial Officer Colette Kress is serving as interim CEO, according to CNBC, while the board searches for a permanent replacement from within and beyond its ranks.
- The second half of November brings several closely watched FDA regulatory milestones that could influence biotech stocks, including potential treatments for rare genetic muscle disorders, lung cancer, and gastrointestinal stromal tumours.
26 Articles
26 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.
Nasdaq down 0.7% ● Despite the shake-up, major indexes are on track to post their best week since August ● U.S. producer price inflation rose to an annualized rate of 6.5% in October, the highest level since November 2022. The core producer price index rose 5%, in line with forecasts
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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