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Nasdaq Futures Lose ~0.9%; NVIDIA Dives ~7% Premarket; Alibaba Sags ~5% Premarket; DAX Hits Record High in Early European Trade
2026-11-12 17:46:29
Futures for the three major US stock indices diverged. DJIA futures edged up 11 pts, or 0.02%, to 52,589. S&P 500 futures and Nasdaq futures dropped 0.4% and nearly 0.9%, respectively. NVIDIA (NVDA.US) lost 6.7% in premarket trading after reports spread that CEO Jensen Huang was involved in a second extramarital affair, with the board planning to remove him from his position. CoreWeave (CRWV.US), a neocloud service provider in which NVIDIA is the second-largest shareholder, tumbled 5.7% premarket. SK hynix (SKHY.US) slid 3.3% premarket, Micron (MU.US) dived 2.9%, yet Advanced Micro Devices (AMD.US) soared 4.2%. Reports that the US may restrict Chinese companies' remote access to AI chips weighed on Alibaba (BABA.US), which slipped 4.8% premarket.

Major European stock markets traded higher in early Thursday trading. The pan-European STOXX 600 rose 0.4% to 665.58, reaching an intraday record high of 665.99. The UK's preliminary 3Q GDP grew 0.7% QoQ, in line. The UK's FTSE 100 added 27 pts, or nearly 0.3%, to 10,863. France's CAC gained nearly 0.8%. Germany's DAX surged 274 pts, or 1%, to 26,937, hitting an intraday record high of 26,998. Italy's FTSE MIB climbed 0.1%, while Spain's IBEX 35 edged down 0.1%.
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