Futures Point Higher After Nvidia’s 4.3% Slide
U.S. equity futures were slightly higher on Friday, 13 November 2026, a day after major indexes declined and Nvidia shares fell following the exit of founder and CEO Jensen Huang. Futures tied to the Dow Jones Industrial Average were up 68 points, or 0.1%, S&P 500 futures added 0.2%, and Nasdaq-100 futures advanced 0.1%, according to CNBC.
The Dow, S&P 500 and Nasdaq all pulled back on Thursday, 12 November 2026, led by a 4.3% drop in Nvidia after Huang stepped down following reported extramarital affairs, including a relationship with a woman U.S. intelligence officials believe is a Chinese spy. Analysts told CNBC that Huang’s exit could trigger a 20% correction in the stock.
Colette Kress Takes Interim CEO Role at Nvidia
Nvidia’s chief financial officer Colette Kress, who has worked at the company for more than a decade, will lead the chipmaker as interim CEO. The company’s board is looking both internally and externally for a full-time replacement for Huang.
The leadership change comes as investors weigh the potential for further downside in Nvidia shares. The 20% correction scenario cited by analysts would imply a significant further decline from Thursday’s closing level, though no specific price target was provided in the source material.
Oil’s 3% Jump Adds Pressure From Iran Standoff
A jump in oil prices also kept stocks under pressure Thursday, with Brent crude rising more than 3% on the day to settle at $95.82 a barrel. Oil climbed after President Donald Trump said in a Truth Social post, “We don’t need a deal with Iran.” The comment raised concerns that the U.S.-Iran war could drag on further.
The oil move added to the market’s cautious tone heading into Friday’s session, with energy costs feeding into broader inflation concerns.
October PPI Eyed for 0.4% Monthly Rise
Another market catalyst awaits on Friday in the form of October’s producer price index reading, a measure of wholesale inflation. Economists polled by Dow Jones see headline PPI rising 0.4% on the month and 6.6% from 12 months earlier.
The data could factor into the Federal Reserve’s interest rate calibrations, according to Investing.com. A hotter-than-expected reading would likely reinforce concerns about persistent inflation, while a softer print could ease pressure on rate-sensitive sectors.
Weekly Gains Hold Despite Nvidia Turmoil
Even with the latest bout of market turbulence, the major averages are heading for weekly advances. The Nasdaq is up 3.2% for the week, while the S&P 500 and tech-heavy Nasdaq Composite were still on track for their best weekly performance since August, according to Investing.com.
Tech-sector earnings this week have pointed to resilient artificial intelligence demand, and excitement has been building around the potential blockbuster initial public offering of Claude chatbot maker Anthropic.
Cerebras Jumps 17% on Earnings Beat and Microsoft Deal
AI chipmaker Cerebras Systems (NASDAQ:CBRS) jumped 17% in premarket trade after it reported better-than-expected quarterly revenue and guidance, and also announced a new deal with Microsoft (NASDAQ:MSFT). Applied Materials and Cisco Systems also offered rosy forecasts. Applied edged higher and Cisco fell premarket.
The mixed premarket reactions highlight a market differentiating between companies with strong AI-driven demand and those facing company-specific headwinds.
JPMorgan Sees Market ‘Coil-Sprung to Go Higher’
“This market feels coil-sprung to go higher, which is seemingly the pain trade,” analysts at JPMorgan said in a research note. The comment suggests that despite the Nvidia shock and inflation uncertainty, positioning may be tilted toward further upside.
Investors will be watching whether the PPI report and any further Nvidia developments validate that view or force a reassessment.
What to Watch: PPI Print and Nvidia’s Board Search
The October PPI release on Friday is the immediate catalyst, with the 0.4% monthly consensus and 6.6% annual reading serving as the key thresholds. A print above those levels would likely intensify inflation worries, while a miss could revive hopes for a softer Fed path.
Beyond the data, Nvidia’s board search for a permanent CEO and any further details around Huang’s departure will remain in focus. The stock’s ability to stabilize after Thursday’s 4.3% drop, and whether analysts’ 20% correction scenario gains traction, will be the clearest signal of whether the broader market’s weekly gains can hold.
Sources: rss_autopost