US Stock Futures Edge Higher Following Nvidia Sell-off and Inflation Concerns
US stock futures showed modest gains on Tuesday night, attempting to recover from a broad market decline triggered by a significant sell-off in Nvidia and hotter-than-expected inflation data. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all faced downward pressure during regular trading sessions as investors reacted to macroeconomic shifts. Nvidia shares fell 5.5% amid ongoing controversy surrounding its CEO, causing a notable contraction in the company's market capitalization. Simultaneously, October's Consumer Price Index rose 0.4% month-over-month, exceeding expectations and increasing the probability of a Federal Reserve rate hike in December to approximately 90%.
Topics: CPI Data Federal Reserve Inflation Nvidia Stock Market
Part of the story US Stock Futures Edge Higher Following Nvidia Sell-off and Inflation Concerns (5 articles)