Traders work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings on November 10, 2026 in New York City.
Angela Weiss | AFP | Getty Images
Stock futures rose early Wednesday morning after Nvidia’s better-than-expected inflation numbers, coupled with pressure on the broader market, led to a losing market.
Dow Jones Industrial Average Futures It was generally flat. S&P500 futures Although it increased by 0.79%, Nasdaq 100 futures It increased by 1.68%.
of Dow While the U.S. fell more than 150 points in regular trading, S&P500 and Nasdaq Composite They decreased by 0.4% and 0.7%, respectively. At the heart of the decline was the Nvidia. The issue of an affair between CEO Jensen Huang and a suspected Chinese spy weighed on stock prices for the second consecutive session, with the semiconductor maker dropping 5.5%.
Nvidia’s two-day decline pushed the company’s market capitalization to about $4.07 trillion, its lowest level since late March.
Stocks also fell on Tuesday after the latest U.S. inflation data solidified expectations for a Federal Reserve rate hike in December. The consumer price index in October rose 0.4% from the previous month, exceeding expectations.
Expectations for a rate hike next month rose to about 90% after the announcement, according to CME Group’s FedWatch tool.
“Despite the technical uncertainty, if inflation rises above desired levels, the Fed should remain dissatisfied with the lackluster pace of inflation progress, so our base case and the market’s is for it to raise the federal funds rate in December,” said Rick Reeder, chief investment officer for global fixed income at BlackRock. “The issue now is rather the scope of the rate hike.”
Comments from Fed Director Christopher Waller also prompted traders to price in a quarter-point rise.
Traders will focus on artificial intelligence trading on Wednesday after Coreweave reported third-quarter sales that beat analysts’ expectations. The news initially caused Neocloud stock to rise slightly.
CoreWeave results show that Korea Kospi The index closed up 2.6%; SK Hynix Increased by 5.36%, samsung electronics Add 3.57%. Elsewhere in Asia, Japan’s Nikkei Stock Average traded 0.85% higher on Wednesday. Australia’s S&P/ASX 200 rose 0.23%. hong kong Hang Seng Index fell by 0.66%, and CSI300 fell by 0.39%.
Meanwhile, European tech stocks rose. infineon Although we advanced by 6.3%, ASMI Increased by 5.5% STMicroelectronics 4% increase; ASML It increased by about 3%. pan-european Stocks 600 Germany was the last country to rise by 0.29%. dachshund Increased by 0.73%. french CAC40 0.39% addition, UK FTSE100 0.27% increase
The U.S. bond market will be closed on Wednesday in observance of Veterans Day.
