Nvidia Fall Hits Futures

Nasdaq 100 and S&P 500 futures fell 0.64% and 0.31%, respectively, while Dow Jones futures rose 0.12%, weighed down by an approximately 8.5% drop in Nvidia shares. The sell-off followed reports that Nvidia’s board was considering removing CEO Jensen Huang, after reports of extramarital relationships. This raised investor concerns about the company’s leadership and spread to AI and chip stocks. Investors awaited U.S. producer price data, amid near-certain expectations of an interest-rate hike in December and an approximately 10% chance of a 50-basis-point increase.

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