Stock Market Today: Nasdaq Up 3.2% for the Week as Kress Steps In at Nvidia

TLDR US stock futures edged higher Friday, with all three major indexes on track for weekly gains. Nvidia shares fell 4.3% Thursday, then rose in early trading after CEO Jensen Huang stepped down. The 10-year Treasury yield hit 5.10%, its highest level since October. Traders are bracing for a possible December rate hike after a hot inflation report. October producer prices are due at 8:30 a.m. Eastern, and Nvidia reports earnings Tuesday. US stock futures edged higher early Friday, putting the major averages on track for weekly gains. The week brought a CEO exit, a bond sell-off and a hot inflation reading. Dow futures rose 0.1%, S&P 500 futures gained 0.2% and Nasdaq-100 futures climbed 0.1%. The Dow contract traded near 52,424, while the S&P 500 contract was near 7,626.

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