What's Moving Markets Today?

Dow Jones43 minutes ago

Stocks are falling Friday, capping a dramatic week marked by Jensen Huang's departure from Nvidia and traders dialing up bets for rate hikes. The tech-heavy Nasdaq composite is down the most of the big three indexes. Here are the day's big themes:

Nvidia shares fall. The AI bellwether extended its declines Friday after Huang's exit sent shockwaves across the market. Shares of Nvidia are on pace for their worst weekly performance since April 2025, when President Trump's sweeping tariff announcements rattled investors.

Other chip stocks drop too. Shares of chipmakers are sliding alongside Nvidia. The PHLX Semiconductor index is down about 6% Friday, though it remains on track for a weekly gain.

Wholesale price gains ease. The Labor Department said Friday that wholesale prices rose by 0.3% in October, cooling sharply from their 1.4% increase in September. Even so, the increase raised the 12-month wholesale inflation rate to a blistering 6.5%, from 6.3% in September.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment