A trader works on the floor of the New York Stock Exchange (NYSE) in New York, United States, Thursday, November 12, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. stock futures rose late Thursday after major indexes fell and Nvidia shares fell, following the departure of its founder and CEO Jensen Huang amid an ongoing scandal.
Futures contracts linked to Dow Jones Industrial Average added 166 points, or 0.3%. S&P 500 Futures Contracts gained 0.4%, while Nasdaq-100 Futures Contracts advanced 0.6%.
The action takes place after the Nasdaq Composite And S&P500 fell about 0.4% each in regular trading. The Dow Jones slipped nearly 190 points, or 0.4%. Nvidia’s 4.3% decline dragged all three major averages lower, although the chip stock finished the session off its lows.
Asia-Pacific markets were mixed on Friday, with South Korea Kospi main gains in the region, up 1.98%. from Japan Nikkei 225 increased by 1.74% while that of Australia S&P/ASX200 fell 0.62%. that of Hong Kong Hang Seng Index was down 0.58%, and mainland China’s CSI 300 index was down 0.22%.
On Thursday, Huang resigned from his position at the microchip company following extramarital affairs, including a relationship with a woman that U.S. intelligence officials believe was a Chinese spy. Analysts told CNBC that Huang’s exit could trigger a 20% correction in the stock.
Nvidia CFO Colette Kress, who has been with the company for more than a decade, will lead the chipmaker as interim CEO. The company’s board of directors is searching both internally and externally for a full-time replacement for Huang.
A rise in oil prices also kept stocks under pressure on Thursday, with Brent crude rising more than 3% on the day to settle at $95.82 a barrel. Oil rose after President Donald Trump said in a Truth Social article, “We don’t need an Iran deal.” This comment raised fears that the war between the United States and Iran could continue to prolong.
Another market catalyst awaits Friday in the form of the October producer price index reading, a measure of wholesale inflation. Economists surveyed by Dow Jones forecast headline PPI rising 0.4% this month and 6.6% year-over-year.
Even with the latest period of market turmoil, the major averages are heading for weekly increases. The Nasdaq is up 3.2%, while the S&P 500 is on track to advance 2.9%. The Dow Jones is poised for a jump of nearly 2%. All three indices are heading towards their best weekly performances since early August.
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