Wall Street: US stock markets are rising slightly – producer prices continue to rise

The excitement surrounding the departure of the Nvidia boss has subsided for the time being, so that monetary policy is coming into greater focus. Ten-year US bond yields are rising.

Dusseldorf. The US stock exchanges have largely processed the resignation of Nvidia boss Jensen Huang and are only moving slightly at the start of trading on Friday.

The Dow Jones index of standard stocks gains slightly to 52,446 points.

The broader S&P 500 also rose slightly and was trading at 7,604 points.

The index on the technology exchange Nasdaq hardly moves and is at 25,412 points.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, is also almost unchanged at 28,439 points.

The most important data point before the weekend is the US producer prices for the month of October. They increased by 0.3 percent compared to the previous month, as the US Department of Labor announced on Friday. Economists had estimated an increase of 0.4 percent. In September, producer prices rose by an upwardly revised 1.4 percent.

Compared to October 2025, manufacturers' prices increased by 6.5 percent last month. This was the highest value since November 2022. However, experts had expected it to be 6.6 percent. The slightly lower values ​​therefore do not trigger a major movement on the markets. Stronger inflation might have pushed up interest rate expectations.

Producer prices serve as an early indicator of consumer price developments. In October, due to the government shutdown as a result of the budget dispute in the same month of the previous year, no annual tax could be determined. However, according to estimates, it is likely to be close to the four percent mark. Consumer prices rose by 0.4 percent in September, slightly more than expected.

US Federal Reserve Chairman Kevin Warsh has repeatedly reiterated that the Fed will ensure price stability. The central bank raised the key interest rate by a quarter of a percentage point to the range of 3.75 to 4.00 percent in September and kept it quiet at the end of October. On the markets, a further interest rate increase of 25 basis points is considered certain.

This is also driving up yields on US government bonds. The ten-year papers, the basis for financial products worldwide, dropped 5.16 percent on Friday, around one percent more than the day before. Bonds with terms of two and 30 years also yielded slightly higher.

Individual values in focus

Chip stocks: The price losses in chip stocks continued to a lesser extent on Friday. Nvidia stocks are losing around one percent, AMD is down more than five percent and Broadcom is down three percent.

Microsoft: The global disruption of Microsoft applications caused the tech company to lose almost three percent before the trading session. At the start of trading, the shares were only down around one percent.