U.S. futures climb and Nvidia shares stabilize in a brutal week for the chipmaker

Summary

• U.S. stock futures rose with S&P 500 up 0.9%, Dow Jones up 0.2%, & Nasdaq up 1.9% amid Nvidia's 3.7% share recovery after a nearly 10% weekly drop.
• Nvidia faces pressure following an internal investigation into CEO Jensen Huang's acknowledged affair with a purported Chinese spy, which President Donald Trump confirmed is being investigated by the FBI.
• CoreWeave shares jumped over 15% on better-than-expected Q3 revenue & an improved 2026 outlook.
• The U.S. bond market is closed for Veterans Day while stock markets remain open.
• Crude oil prices stayed below $100/barrel, with Brent at $93.22 & U.S. benchmark at $87.05, as Trump stated the Iran war is "militarily effectively over."
• Inflation data from September showed the biggest increase since December 2022, driving the 10-year Treasury yield above 5%, with the October producer price index due Friday.
• European markets advanced, with Germany's DAX up 0.7% after inflation fell to 2.8%, France's CAC 40 up 0.3%, & Britain's FTSE 100 up 0.4%.
• Asian markets were mostly higher as China's Singles Day shopping festival began to gauge consumer demand.
• The U.S. dollar strengthened to 159.15 yen & the euro declined to $1.1133.