Stock futures edge higher as markets recover from Nvidia-led selloff

Stock futures rose slightly Tuesday night as markets attempted to recover from a decline driven by Nvidia and hotter-than-expected inflation data. Dow futures gained 88 points, or 0.2%, while S&P 500 and Nasdaq-100 futures advanced 0.2% and 0.4%, respectively. In regular trading, the Dow fell more than 150 points, with the S&P 500 and Nasdaq Composite dropping 0.4% and 0.7%. Nvidia slid 5.5% amid CEO Jensen Huang's alleged affair with a Chinese spy, marking a second consecutive decline that cut its market cap to about $4.07 trillion, its lowest since late March. October's consumer price index rose 0.4% month over month, boosting expectations for a December Fed rate hike to roughly 90%. Fed Governor Christopher Waller's comments also reinforced rate-hike odds, with BlackRock's Rick Rieder calling a December move the base case. Traders will watch the AI trade Wednesday after CoreWeave's third-quarter revenue beat expectations, initially lifting the neocloud stock.