Wall Street: US-Börsen legen leicht zu – Erzeugerpreise steigen weiter

The US stock markets have largely adjusted following the departure of Nvidia CEO Jensen Huang, with trading opening only slightly on Friday. The Dow Jones Industrial Average, composed of blue-chip stocks, gained marginally to 52,446 points, while the S&P 500 broad market index also increased slightly to 7,604 points. The Nasdaq index, tracking the 100 largest non-financial companies by market capitalization, remained nearly unchanged at 25,412.

The most significant data point prior to the weekend was the US producer prices for October, which rose by 0.3% from the previous month, according to the US Department of Labor. Economists had anticipated a 0.4% increase. In September, producer prices rose by upwardly revised 1.4%. Compared to October 2025, the previous month's producer prices increased by a record 6.5%, exceeding the forecast of 6.6%.

The slightly lower values did not provoke significant market movements, as higher inflation could have driven up interest rate expectations. Producer prices serve as early indicators for consumer price development. Producer prices in October slightly fell due to the government shutdown at the end of the previous year's budget dispute, but analysts estimate they could edge closer to the 4% level.

Consumer prices rose by 0.4% in September, slightly more than expected. Federal Reserve Chair Kevin Warsh reiterated the Fed's commitment to price stability. The central bank raised the key interest rate by 0.25 percentage points to a range of 3.75-4.00% in September and held steady in late October. Another 25 basis point increase is considered certain by the markets.

This further drives up yields for US Treasuries, which are used as benchmarks for global financial products. On Friday, 10-year US Treasuries, used as a global benchmark, fell by 5.16%, slightly more than the previous day. Longer-dated bonds, with 2 and 30-year maturities, also yielded slightly higher. Specific focus was on chip-related stocks, with Nvidia shares losing about 1%, AMD more than 5%, and Broadcom falling 3%.

Microsoft faced a small pre-market loss of nearly 3% due to global disturbances of its applications, but only decreased by about 1% by trading start.