Traders work on the floor of the New York Stock Exchange (NYSE) during the opening bell in New York City on November 10, 2026. Angela Weiss | afp | Getty Images Stock futures rose early Wednesday after a losing session in which Nvidia, along with better-than-expected inflation data, pressured the broader market. Dow Jones Industrial Average futures were broadly flat. S&P 500 futures rose 0.79%, while Nasdaq-100 futures advanced 1.68%. The Dow Jones fell more than 150 points in regular US trading, while the S&P 500 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 shares for the second straight session. Nvidia’s two-day decline reduced the company’s market capitalization to around $4.07 trillion, its lowest level since late March. Stocks also fell on Tuesday after the latest US inflation data solidified 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 hike next month rose to around 90% following 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 progress on inflation remaining lackluster, so raising the Fed Funds policy 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 more about the extent of the increase.” Fed Governor Christopher Waller’s comments also led traders to price in higher chances of a quarter-point move. On Wednesday, traders will keep their eyes on AI trading, after CoreWeave reported third-quarter revenue that beat analysts’ expectations. Initially, the report sent neocloud shares up slightly. CoreWeave’s results helped South Korea’s Kospi index rise 2.6% at the close, with SK Hynix rising 5.36% and Samsung Electronics adding 3.57%. Elsewhere in Asia, Japan’s Nikkei 225 rose 0.85% on Wednesday. Australia’s S&P/ASX 200 added 0.23%. Hong Kong’s Hang Seng Index fell 0.66%, while the CSI 300 fell 0.39%. Meanwhile, European tech names rose. Infineon advanced 6.3%, while ASMI rose 5.5%, ST Microelectronics gained 4% and ASML rose about 3%. The pan-European Stoxx 600 was last up 0.29%, while the German DAX was up 0.73%. The French CAC 40 added 0.39% and the UK’s FTSE 100 gained 0.27%. The US bond market will be closed on Wednesday for Veterans Day.
