Stock market today: Dow, S&P 500, Nasdaq futures edge higher after wholesale inflation grows, Nvidia stock rebounds Grace O'Donnell and David Hollerith Updated Fri, November 13, 2026 at 9:14 AM EST 1 min read NVDA +2.48% ^IXIC -0.39% ^DJI -0.36% ^GSPC -0.35% CL=F +0.45% Trade NVIDIA 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 futures held steady on Friday as a bumpy week didn't prevent the major averages from pacing for weekly gains.
Futures on the Dow Jones Industrial Average (YM=F) rose 0.4%, while those on the S&P 500 (ES=F) gained 0.4%. The Nasdaq-100 (NQ=F) rose 0.1%.
While stocks slipped on Thursday, they have largely held firm against a series of tremors from Nvidia (NVDA) CEO Jensen Huang stepping down to rising oil prices and a sell-off in government bonds.
Nvidia stock recovered on Friday as the fallout from Huang's affairs continued to unfold, raising the stakes for the company's third quarter earnings next Tuesday. Investors are debating whether the controversy surrounding the chip giant's former leader implicates the wider artificial intelligence boom that Nvidia has played a central role in building.
Chipmaker sector stocks declined further in premarket trading.
Oil prices were little changed, providing some relief after a spike in prices sparked Thursday's sell-off in bonds. As traders braced for an interest rate hike in December, the 10-year Treasury yield (^TNX) reached 5.10% on Thursday, its highest level since October.
The setup has pressured the price of bitcoin (BTC), with the world's largest cryptocurrency tumbling below $70,000 early Friday for the first time in nearly three months.
In economic news, wholesale inflation rose 0.3% month over month in October, according to the producer price index. The reading was less than the 0.4% economists expected, but the annual rate of 6.5% highlighted persistent inflation pressures.
Cerebras Systems (CBRS) stock jumped 13% in premarket trading after the AI chipmaker reported record third quarter revenue and raised its full-year outlook.
The company's core revenue rose 70% year over year to $230.9 million while cloud revenue surged 272% to $144.9 million. The maker of AI chips, looking to compete with Nvidia (NVDA), said it sees fourth quarter core revenue of $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million.
The company also announced commercial deals with two new hyperscalers, or large cloud computing providers that operate data centers. One is among the world's top three, with Cerebras saying it would share more details about the deal next year.
"These new deals, alongside continued growth and execution with our existing customers, enable us to raise Q4 core guidance across the board and continue to see revenue tripling in 2027 with expanding gross margins," Cerebras CEO Andrew Feldman said during the company's earnings call on Thursday.
The cheapest way for an American company to run AI is a free model made in China. The scandal that just cost Nvidia its CEO could shut off the chips those models depend on, Yahoo Finance's Jared Blikre writes.
Companies are making the switch fast. Duolingo (DUOL) co-founder and CEO Luis von Ahn said at Yahoo Finance Invest on Thursday that each AI practice call in his app used to cost about 30 cents. Now it's "less than a cent," he said, "by moving most of this to open weight models," the kind of AI anyone can download and run for free. Decagon co-founder and CEO Jesse Zhang said new customers at his AI startup run "almost entirely" on them.
The most downloaded of those free models come from China, and the biggest maker by far is Alibaba (BABA).
Jensen Huang is out. The former CEO of Nvidia resigned after a rapid succession of damning news reports revealed multiple affairs, including one with a woman that US intelligence says is a Chinese spy and others with employees. The scandal is unequivocally damaging for Huang. And, at least in the short term, destabilizing for Nvidia, and detrimental to the AI trade, Yahoo Finance's Hamza Shaban writes:
The key-person risk extended to the entire AI trade. Huang was everywhere, seemingly… If Nvidia was the "central bank of AI," Huang was the chair.
But if Nvidia and the broader AI trade successfully weather the storm, it could amount to a huge win for both the company and sector.
Bitcoin (BTC) fell below $70,000 for the first time in nearly three months early Friday as investors weigh the largest cryptocurrency's value against a more hawkish Federal Reserve and other mounting headwinds.
After dropping to $68,000, bitcoin recovered to around $69,265, leaving it down more than 10% so far in November, according to Yahoo Finance data.
The latest decline follows a Wednesday decision by major index provider MSCI's to remove Michael Saylor's Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, from two US stock indexes. That move could force funds tracking those benchmarks to sell shares of the company.
But bitcoin's troubles extend well beyond Strategy.
"The latest selloff is being driven by a combination of macro risk aversion, persistent spot Bitcoin ETF outflows, and an unwind of leveraged long positions," said Lacie Zhang, analyst at crypto firm Bitget.
Expectations for further Federal Reserve interest rate hikes have weighed on riskier assets, especially bitcoin, while weakness in technology stocks has added to the pressure.
Crypto-related stocks including Coinbase Global (COIN), Robinhood (HOOD) and Circle Internet Group (CRCL) also declined early Friday.
Nvidia (NVDA) stock went into free fall Thursday as CEO Jensen Huang stepped down, and retail investors were there to catch it. The question now is whether they bought the bottom or just the first leg down.
Huang resigned as Nvidia's CEO after reports of two affairs, and CFO Colette Kress is stepping in as interim CEO. The stock fell as much as 14% at the open to its lowest level since June 2025, then clawed back nearly three-quarters of it to close down about 4%. Nvidia reports earnings Tuesday with no permanent CEO in sight.
Small investors bought a net $111 million of Nvidia stock in the first 30 minutes of trading. According to Vanda Research, that was the stock's biggest opening on record and more than 40 times a normal start. Nvidia has soaked up 61% of all retail buying in US stocks and ETFs this week. Money also poured into leveraged funds betting on Nvidia gains, while funds betting against it drew nothing.
"This is very much a one-way flow story for retail," Vanda wrote.
Mike Zaccardi, a CFA and CMT, called it "one of the more epic 'buy the news' events in history" on X.
Economic data: Producer Price Index (PPI) monthly gains for October (0.4% expected, 1.3% previous), Core PPI (0.3% expected, 0.7% previous)
Earnings calendar: Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG), Mizuho Financial Group (MFG), Sumitomo Mitsui Trust Group (CMTDF), Cosan (CSAN), RLX Technology (RLX), Twenty One Capital (XXI), Inhibrx Biosciences (INBX), Americas Gold and Silver (USAS), Talon Metals (TLOFF), Lithium Americas (LAC), Suncrete (RMIX), Sigma Lithium (SGML), Entera Bio (ENTX), SBC Medical Group Holdings (SBC), Gravity (GRVY), Costamare Bulkers Holdings (CMDB)
Catch up on some top stories from overnight:
Microsoft outage disrupts Outlook, Teams, and Copilot for users 'in any region'
Is a United-American airline merger still on the table?
Vanguard CEO sees a 'disturbing' trend with prediction markets
Bill Ackman: Microsoft's position is 'really, really strong'
Nvidia market cap plunges $490B following former CEO's affair scandals
