US stock futures are mixed and oil falls before inflation data
Brent crude drops below $91, its lowest in three months, while Nvidia investigates its CEO and Anthropic seeks a $1.3 trillion valuation.
was mixed in early trading on Tuesday, Nov. 10, with investors awaiting October figures due later that day. Futures for the S&P 500 and the Dow edged up, while Nasdaq futures dipped. Oil kept falling.
crude slipped below $91 a barrel, its lowest level in three months. The drop came after President Donald Trump said the war in Iran "militarily is effectively over." Stocks had rallied on Monday and recovered most of their big losses from the previous week.
Nvidia shares fell on Monday after the company said it is investigating CEO Jensen Huang's acknowledged intimate relationship with a business executive. According to The New York Times, U.S. intelligence determined she was gathering information for China. Nvidia's board says it has no reason to believe national security or company secrets were compromised.
China has rejected the allegations. Anthropic filed papers with regulators on Tuesday seeking a $1.3 trillion valuation ahead of a stock market debut that ABC News reports is expected later in November. The inflation data is expected to show 3.9%, up from 3.7% in September.
ABC News reports that many analysts expect the to raise interest rates in the coming months.
- 3.9%expected October inflation, up from 3.7% in SeptemberABC News
- $90.55a barrel for Brent crude in early tradingABC News
- $1.3 trillionvaluation Anthropic is seeking ahead of its IPOABC News
- 4.3%Nvidia's share drop on MondayABC News
- 35.2%rise in China's October exports from a year earlierABC News
Three sides of the story
5 news outlets reported this · Little coverage from conservative outlets
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Liberal4 outlets
AI-stock swings, Nvidia probe and inflation data ahead
ABC News leads with a mixed, relatively calm premarket, falling oil and Monday's rally. It ties the oil drop to Trump's remark that the war in Iran "militarily is effectively over" and says many analysts expect the October inflation data to force the Fed to raise rates in the coming months. It also covers Nvidia's probe, Anthropic's $1.3 trillion IPO filing and China's trade figures.
The Boston Globe's report on Monday's trading says AI stocks recovered some ground after fears that Democratic wins could slow data-center building. It quotes Stephen Innes of SPI Asset Management on the scrutiny around Huang. Al Jazeera English describes Asian markets rebounding after a tech rout it links to the Democratic victory.
It cites Nvidia's board saying it prioritizes U.S. national and economic security. A Semafor column argues this feels like "the beginning of the end of the AI trade."
- ABC News: Wall Street mixed in early trading ahead of a new peek at inflation
- The Boston Globe: World markets bounce back after recovery for AI stocks on Wall Street
- Al Jazeera English: Asian stock markets climb after earlier tech rout
- Semafor: The unwinding of the AI trade will have bigger consequences than we think
Center0 outlets
Outlets on this side gave the story little coverage.
Conservative1 outlet
Stocks rally as oil falls, Nvidia sinks
The Washington Times reports that U.S. stocks rose on Monday, recovering more of the previous week's losses while oil prices fell. It adds that Nvidia, one of Wall Street's most influential stocks, fell even as the rally held.
- The Washington Times: U.S. stocks rally and recover more of last week's losses as oil prices swing lower
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ABC News reports that the October inflation report, due Tuesday, is expected to show inflation at 3.9%, up from 3.7% in September. It says many analysts expect that to push the Federal Reserve into hiking its key borrowing rate in the months ahead.
All sources: 5 articles from 5 outlets
Liberal (4)
- ABC News: Wall Street mixed in early trading ahead of a new peek at inflation
- Al Jazeera English: Asian stock markets climb after earlier tech rout
- Semafor: The unwinding of the AI trade will have bigger consequences than we think
- The Boston Globe: World markets bounce back after recovery for AI stocks on Wall Street
Conservative (1)
- The Washington Times: U.S. stocks rally and recover more of last week's losses as oil prices swing lower
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