US stock market today: Dow Futures jump 136 points, S&P 500 up 0.3%; Nvidia slides 4%

Detailed summary

US stock futures edged higher on Friday after Wall Street ended lower in the previous session, with Nvidia falling 4.3% amid reports surrounding CEO Jensen Huang. Investors also…

US stock futures edged higher on Friday (November 13), with the major indices attempting to recover after Thursday's losses, when Nvidia shares tumbled 4.3% following reports surrounding the departure of its founder and CEO Jensen Huang.

Dow Jones Industrial Average futures rose 136 points, or 0.3%, while S&P 500 futures gained 0.3%. Nasdaq-100 futures were up 0.1%.

The three major US benchmarks ended lower in the previous session, with Nvidia leading the decline amid reports of Huang stepping down following allegations of extramarital affairs, including a reported relationship with a woman whom US intelligence officials believe to be a Chinese spy.

Nvidia Chief Financial Officer Colette Kress, who has been with the chipmaker for more than a decade, will take over as interim CEO. The company’s board is searching for a permanent successor to Jensen Huang, considering both internal and external candidates.

Oil prices also put pressure on stocks on Thursday after US President Donald Trump said in a Truth Social post, “We don’t need a deal with Iran.” His remarks fuelled concerns that the US-Iran war could continue for longer.

Crude prices were little changed on Friday, with West Texas Intermediate (WTI) futures trading above $88 per barrel and Brent crude futures above $96.

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