US stock futures edged higher on Friday as selling pressure on Nvidia eased following CEO Jensen Huang’s resignation amid an ongoing scandal. Futures linked to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 rose between 0.2% and 0.6%. In after-hours trading, Nvidia shares climbed more than 1%, recovering from Thursday’s losses as investors assessed the potential impact of a leadership change at the chipmaker, with CFO Colette Kress stepping in as interim CEO.
On Thursday, Wall Street’s main indexes finished lower: the Dow fell 0.36%, while the S&P 500 and Nasdaq Composite declined 0.35% and 0.39%, respectively. Investors are now awaiting October’s Producer Price Index (PPI) report for fresh signals on inflationary pressures. A stronger-than-expected consumer inflation reading, combined with hawkish remarks from Federal Reserve officials, has strengthened expectations that interest rates may need to rise more aggressively.