U.S. futures climb as Wall Street keeps an eye on Nvidia, Microsoft and producer prices

Summary

• U.S. futures rose with S&P 500 up 0.2%, Dow Jones up 0.1%, & Nasdaq slightly higher as Nvidia shares stabilized after a 15% drop.
• Jensen Huang stepped down as Nvidia CEO due to national security concerns over an affair with a Chinese executive, & Colette Kress will serve as interim leader.
• The U.S. is set to release its October producer price index, following a September report showing the largest inflation increase since December 2022 driven by fuel prices.
• A global Microsoft outage disrupted services including Outlook, Teams, & Copilot, causing the company's stock to fall 1.4% in premarket trading.
• Oil prices showed mixed results after President Donald Trump stated the U.S. does not need a deal with Iran, with Brent crude at $96.04 & U.S. crude at $88.39.
• European markets closed higher with Germany's DAX, France's CAC 40, & Britain's FTSE 100 all gaining 0.1%, while Asian markets were mostly lower.
• The U.S. dollar strengthened to 159.98 yen against the Japanese yen, while the euro traded at $1.1051.