US Stock Futures Edge Lower as Nvidia Leadership Changes Offset Cisco and Applied Materials Forecasts: Dow Jones, S&P, Nasdaq, Wall Street Fiona Craig Fri, November 13, 2026 at 4:54 AM EST 5 min read NVDA +2.60% CSCO -3.27% AMAT +0.51% ^DJI -0.36% ^NDX -0.30% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stock index futures traded slightly lower on Friday as investors assessed developments surrounding Nvidia (NASDAQ:NVDA), alongside financial updates from Cisco Systems (NASDAQ:CSCO) and Applied Materials (NASDAQ:AMAT), disruptions affecting Microsoft (NASDAQ:MSFT) services and movements in commodity markets.
At 03:01 ET (08:01 GMT), Nasdaq 100 futures were down 74 points, or 0.3%, while S&P 500 futures declined five points, equivalent to 0.1%. Dow Jones futures were largely unchanged.
The movements followed the departure of Nvidia Chief Executive Jensen Huang, which has prompted questions about the company's leadership transition and its position in the artificial intelligence semiconductor market.
Nvidia shares declined more than 4% on Thursday after the company announced Huang's departure following reports concerning his personal conduct and alleged connections to individuals associated with Chinese intelligence.
The allegations have also attracted attention from US lawmakers, although the reported claims have not been independently established.
According to Politico, Senate Banking Committee Chairman Tim Scott sent letters to Huang and US Commerce Secretary Howard Lutnick requesting testimony in December concerning companies reportedly involved in transferring Nvidia's advanced processors to China in potential violation of US export restrictions.
Nvidia has begun searching for a permanent chief executive, with Chief Financial Officer Colette Kress appointed to lead the company on an interim basis.
President Donald Trump has also suggested former Apple executive Tim Cook as a possible candidate for the position.
The leadership changes come ahead of Nvidia's scheduled quarterly earnings announcement next week, when investors will receive updated information on the company's financial performance and outlook.
Nvidia's market capitalisation has declined substantially during November, with the source report estimating that the company has lost close to $1 trillion in value during the month.
Elsewhere, Asian equity markets declined, while government bonds in the United States, Japan and Australia also recorded losses.
Oil prices increased following comments from President Trump indicating that Washington no longer considered a peace agreement with Iran necessary.
Cisco Systems (NASDAQ:CSCO) raised its full-year financial outlook after issuing a current-quarter revenue forecast above analysts' expectations.
The networking equipment manufacturer reported fiscal second-quarter revenue of approximately $18.1 billion, exceeding market forecasts.
Cisco's results reflected demand for networking infrastructure used in data centres, including facilities supporting artificial intelligence applications.
The company has been expanding its AI-related networking products while competing with other technology suppliers, including Hewlett Packard Enterprise and Broadcom.
Orders increased 21% compared with the corresponding period a year earlier, although the growth rate moderated from 35% in the preceding quarter.
The company operates in a market where US policymakers are also examining the pace of data centre development, with some Democratic candidates elected during the midterm elections advocating restrictions on further expansion.
Cisco shares declined in extended-hours trading following the announcement.
Applied Materials (NASDAQ:AMAT) issued a fiscal first-quarter revenue forecast exceeding analyst expectations, citing continued demand for semiconductor manufacturing equipment.
The California-based company expects revenue of approximately $11.10 billion, with a potential variation of $500 million in either direction.
The forecast compares with the $10.89 billion consensus estimate reported by Reuters, citing LSEG data.
Applied Materials also reported fourth-quarter adjusted earnings of $4.16 per share, exceeding market expectations.
Revenue from its semiconductor systems division increased 64% to $8 billion, contributing to the quarterly performance.
The company supplies manufacturing equipment used by semiconductor producers, including those expanding production capacity for artificial intelligence-related chips.
During the post-results conference call, Chief Executive Gary Dickerson said 2027 would be "another record year for the market and Applied."
Applied Materials shares were slightly lower in after-hours trading, although the stock had gained more than 41% since the beginning of the year.
Microsoft (NASDAQ:MSFT) said it was continuing efforts to restore access to Outlook, Teams and other Microsoft 365 services following a widespread disruption extending into a second day.
The company reported implementing additional measures intended to restore service availability but acknowledged that some changes had not produced the expected results.
"We've monitored the status of the changes applied to improve serviceability and confirmed they're not taking as expected," Microsoft said in a social media update.
Users reported difficulties accessing several Microsoft 365 applications, particularly Outlook and Teams.
The disruptions affected customers across multiple regions, including Asia-Pacific and the Americas.
Microsoft shares declined in premarket trading as the company continued its recovery efforts.
Gold prices increased on Friday after reaching a 13-month low during the previous session, although the metal remained on course for a weekly decline.
Spot gold rose 0.4% to $3,902.22 per ounce, recovering above the $3,900 level.
Despite the daily increase, prices remained more than 4% lower for the week.
The decline followed stronger-than-expected US consumer inflation figures and comments from Federal Reserve officials supporting a more restrictive monetary policy stance.
Higher US Treasury yields and a stronger dollar have also influenced gold prices, as investors reassessed the likelihood of additional interest rate increases.
Market expectations have shifted towards a possible Federal Reserve rate increase in December, with some traders considering the possibility of a 50-basis-point adjustment.
Investors were awaiting Friday's US Producer Price Index report for further information on wholesale inflation and its potential implications for monetary policy.
The release, together with forthcoming Federal Reserve commentary and Nvidia's quarterly results, was expected to remain a focus for financial markets.
