US stock futures were mixed on Friday as investors awaited another inflation report following a volatile session marked by Nvidia’s leadership shake-up and rising Treasury yields.
Dow Jones futures gained 0.19% and S&P 500 contracts added 0.13%, while Nasdaq 100 futures slipped 0.11%.
The cautious start followed Thursday’s declines, when all three major benchmarks lost about 0.4%.
Microsoft’s global service outage added to pressure on technology shares, while stronger earnings from Cisco and Applied Materials offered some reassurance about corporate investment.
5 things to know before Wall Street opens
1. Producer inflation puts Treasury yields back in focus
October’s Producer Price Index is due at 8:30 am Eastern, with economists expecting headline prices to rise 0.4% and core prices 0.3%.
The release follows Tuesday’s stronger-than-expected consumer inflation report, which reinforced expectations of another Federal Reserve rate increase.
The benchmark 10-year Treasury yield has climbed above 5.1%, making borrowing more expensive and pressuring equity valuations.
2.Microsoft outage raises questions about cloud reliability
Microsoft shares fell about 2.6% before the bell as disruptions affecting Outlook, Teams and Copilot continued into Friday.
The problems also affected Microsoft 365 integrations used by OpenAI and Anthropic, alongside government and business customers.
Microsoft reported signs of partial recovery but had not confirmed full restoration.
3. Nvidia faces its first full session under interim leadership
Nvidia shares recovered about 1.8% in pre-market trading after Thursday’s 4.3% decline. The company confirmed Jensen Huang’s resignation, appointing chief financial officer Colette Kress as interim chief executive while searching for a permanent replacement.
StoneX analyst Cody Acree downgraded Nvidia to Hold, arguing that leadership uncertainty justified greater caution over its valuation despite unchanged earnings estimates.
Investors are now looking towards Nvidia’s 17 November results for reassurance about strategy, customer relationships and continued demand for AI processors.
4.Cisco and Applied Materials show investment remains resilient
Cisco reported quarterly revenue of $18.5 billion, up 24%, and adjusted earnings of $1.40 a share. It raised its annual outlook and expects $9 billion in AI infrastructure revenue from major cloud customers in fiscal 2027.
Applied Materials reported revenue of $10.41 billion, up 53%, with adjusted earnings of $4.16 a share. The chip-equipment maker also forecast approximately $11.1 billion in next-quarter sales.
5.Oil heads for another weekly loss despite supply threats
Brent crude traded around $96.04 a barrel at 07:41 GMT, while West Texas Intermediate stood near $88.59.
Both benchmarks were heading for a second consecutive weekly decline as President Donald Trump signalled that Washington could maintain its blockade of Iran without reaching a diplomatic agreement.
Attacks on tankers and Saudi energy facilities nevertheless kept supply risks elevated.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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