Traders work on the floor of the New York Stock Exchange (NYSE) during the opening bell in New York on November 10, 2026.
Angela Weiss | Afp | Getty Images
Stock futures rose early Wednesday after a losing session in which Nvidia, coupled with higher-than-expected inflation data, put pressure on the broader market.
Dow Jones Industrial Average Futures gained 82 points, or 0.16%. S&P 500 Futures Contracts climbed 0.63%, while Nasdaq-100 Futures Contracts advanced 1.52%.
THE Dow fell by more than 150 points in regular trading in the United States, while the S&P500 And Nasdaq Composite lost 0.4% and 0.7%, respectively. At the center of the decline was Nvidia. The chipmaker fell 5.5% as CEO Jensen Huang’s affair with an alleged Chinese spy weighed on the stock for the second straight session.
Nvidia’s two-day decline sent the company’s market capitalization down to around $4.07 trillion, its lowest level since late March.
Stocks also fell on Tuesday after the latest U.S. inflation data reinforced expectations of a Federal Reserve rate hike in December. The consumer price index rose 0.4% month-over-month in October, beating expectations.
Expectations for a quarter-point rate increase next month rose to around 90% after the release, according to CME Group’s FedWatch tool.
“Despite some technical uncertainty, higher-than-desired inflation levels should keep the Fed in a position of dissatisfaction with the degree of inflation progress that remains lackluster, so increasing the federal funds rate in December is our and the market’s base case,” wrote Rick Rieder, CIO of global fixed income at BlackRock. “The question now is rather that of the extent of the increase.”
Comments from Fed Governor Christopher Waller also led traders to anticipate greater chances of a quarter-point move.
Traders will keep their eyes on the artificial intelligence trade on Wednesday, after CoreWeave reported third-quarter revenue that beat analysts’ expectations. The report initially sent Neocloud stock slightly higher.
CoreWeave results helped drive South Korea’s growth Kospi index up 2.6% at the close, with SK Hynix up 5.36% and Samsung Electronics adding 3.57%. Elsewhere in Asia, Japan’s Nikkei 225 index traded 0.85% higher on Wednesday. Australia’s S&P/ASX 200 added 0.23%. that of Hong Kong Hang Seng Index was down 0.66%, while the CSI 300 fell 0.39%.
The US bond market will be closed on Wednesday for Veterans Day.
Gn bussni
