US stock futures edged higher on Wednesday after the major indexes retreated in the previous session, weighed down by losses in chipmaker Nvidia and a hotter-than-expected inflation print. Nasdaq 100 futures rose 0.4%, while Dow and S&P 500 futures each added at least 0.1%.
On Tuesday, the Nasdaq Composite dropped 0.74%, the S&P 500 slipped 0.38%, and the Dow fell 0.3%. Nvidia sank more than 5%, extending its recent selloff amid reports involving CEO Jensen Huang and an alleged Chinese spy.
Stocks also came under pressure after the latest CPI report reinforced expectations for a Federal Reserve rate hike in December, with futures markets now pricing in roughly a 91% probability of an increase next month.
Meanwhile, Anthropic is reportedly preparing for a potential market debut as soon as next week, seeking to raise up to $90 billion at a diluted valuation of about $1.4 trillion.
