US stock futures edged higher overnight on Thursday, 13 November 2026, as Wall Street attempted to recover from a brutal session sparked by the resignation of Nvidia chief executive Jensen Huang.

As of 9:37 p.m. Eastern Time, Dow futures had gained 0.21%, while S&P 500 futures were up 0.34% and Nasdaq-100 futures had gained 0.52%, according to TradingView. Trading Economics reported that futures tied to the Dow, the S&P 500 and the Nasdaq 100 gained between 0.2% and 0.6%, as selling pressure on Nvidia shares eased.

Wall Street's bruising Thursday

All three US benchmark indexes ended Thursday's session lower. The Nasdaq Composite led the decline, shedding 100 points to close 0.39% down at 25,366.09. The Dow Jones Industrial Average lost 0.36% to close at 52,297.09, and the S&P 500 fell 0.35% to 7,592.40.

Nvidia shares fell 4.3% on Thursday after the board ousted Huang following reports of infidelity, including a relationship with an alleged Chinese spy. The chipmaker's shares have slumped nearly 11% so far this week amid the revelations and leadership upheaval, although the stock recovered from much steeper intraday losses on Thursday. In after-hours trading, Nvidia shares advanced as the selling eased.

Chief financial officer Colette Kress has stepped in as interim chief executive while the board searches for a full-time replacement. US President Donald Trump said in a post on Truth Social that Huang should be replaced by Apple's Tim Cook, writing: "there is only one man to take his place - TIM COOK of Apple. A Legend replaces a Legend!"

Rivals rally as investors look past Nvidia

While Nvidia sank, rival chipmakers surged. Advanced Micro Devices gained nearly 6% and Broadcom rose 5.5%, as markets bet the pair could gain market share amid the turmoil at Nvidia. AI chipmaker Cerebras Systems rallied more than 19% in extended trading after reporting better-than-expected quarterly results and announcing a new deal with Microsoft.

The iShares Semiconductor ETF was down 0.26% at the close, while the VanEck Semiconductor ETF fell 1% and the Vanguard Information Technology ETF declined 0.55%.

Despite the volatility, US benchmark indexes remained on track to post their best week since August. The Nasdaq and the S&P 500 were headed about 3% higher for the week, while the Dow was on track to post gains of nearly 2%.

PPI data in focus on Friday

Markets will now turn to the US Producer Price Index for October, due on Friday. Economists polled by Dow Jones expect headline producer prices to rise 0.4% on the month and 6.6% year over year. The figures come after hotter-than-expected consumer inflation data earlier in the week fuelled expectations of a Federal Reserve interest rate rise in December.

US Treasury yields climbed amid the market volatility, with the 10-year yield trading at 5.127%. Oil prices were marginally lower, with Brent crude futures at $95.77 a barrel and West Texas Intermediate at $88.45 a barrel.

Among other stocks in focus, Sellas Life Sciences rallied nearly 21% in after-hours trading after saying key leukaemia trial results are expected later this month. Microsoft was in the spotlight after its services, including Outlook, Teams and Copilot, were down for several hours on Thursday. Candel Therapeutics plunged 38% in extended trading after saying talks with the US Food and Drug Administration had delayed its planned licence application, while Strategy fell 2% overnight as Bitcoin prices declined.

This article is for information only and is not investment advice.

Sources: TradingView (Stocktwits) and Trading Economics