Traders work on the floor of the New York Stock Exchange (NYSE) on Thursday, November 12, 2026 in New York, USA.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures rose Thursday evening after major indexes fell. Nvidia The company’s stock price fell after founder and CEO Jensen Huang stepped down amid ongoing scandals.
futures tied to Dow Jones Industrial Average Added 166 points (0.3%). S&P500 futures Although it rose by 0.4%, Nasdaq 100 futures It advanced by 0.6%.
action comes after Nasdaq Composite and S&P500 Each fell about 0.4% in regular trading. The Dow Jones Industrial Average fell about 190 points, or 0.4%. Even though semiconductor stocks closed lower, Nvidia’s 4.3% decline dragged down the average of the three major stocks.
Asia-Pacific markets were mixed on Friday. Kospi It rose 1.98%, leading gains in the region. Japanese Nikkei Stock Average Australia rose 1.74% S&P/ASX 200 It fell by 0.62%. hong kong Hang Seng Index was down 0.58%, while mainland China’s CSI300 index was down 0.22%.
On Thursday, Mr. Huang resigned from his position at the semiconductor company following reports of extramarital affairs, including one with a woman whom U.S. intelligence officials believe is a Chinese spy. Analysts told CNBC that Hwang’s departure could cause a 20% correction in the stock price.
Colette Kress, Nvidia’s chief financial officer, has been with the company for more than a decade and will lead the chipmaker as interim CEO. The company’s board of directors is searching internally and externally for a full-time replacement for Huang.
Rising oil prices also weighed on stocks on Thursday, with Brent crude rising more than 3% on the day to settle at $95.82 a barrel. Oil prices rose after President Donald Trump said in a post on Truth Social that “we don’t need a deal with Iran.” The comments raised concerns that the war between the United States and Iran could drag on even further.
Another stimulus is in store for the market on Friday in the form of the release of October’s producer price index, a measure of wholesale inflation. Economists compiled by Dow Jones forecast that the headline PPI would rise 0.4% from the previous month and 6.6% from 12 months ago.
Despite recent market turmoil, major average stock prices are trending higher each week. The Nasdaq is up 3.2% and the S&P 500 is on pace to gain 2.9%. The Dow Jones Industrial Average is expected to rise nearly 2%. All three indexes are on track to post their best weekly performance since early August.
