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Wall Street futures point higher on Nvidia recovery and producer inflation data

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Image: Revista ADVFN

Futures on the main US indices pointed to a positive open, driven by Nvidia's recovery, with the stock up more than 2% premarket after falling 4.3% on Thursday. The Labor Department reported that the producer price index rose 0.3% in October, below the 0.4% expected, while the annual rate stood at 6.5%, the highest since November 2022. On Thursday, the Nasdaq, S&P 500 and Dow Jones each closed down 0.4%.

In 40 seconds

  • Nvidia was up more than 2% in premarket trading after closing Thursday with a 4.3% loss
  • The October PPI rose 0.3% month over month, below the 0.4% forecast, and 6.5% year over year, the highest rate since November 2022
  • On Thursday the Nasdaq fell 0.4% to 25,366.09 points, the S&P 500 0.4% to 7,592.40 and the Dow Jones 0.4% to 52,297.09
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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