Nvidia Probe, Tech’s Uneasy Rebound, Inflation Data Ahead
By Jacqueline Policastro | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: Technology stocks rebounded Friday, but the recovery failed to erase a rough week for Wall Street. The Nasdaq rose 1.1%, while the S&P 500 gained 0.3. The Dow fell 0.5%. For the week, the indexes lost 3.4%, 2.7% and 0.9%, respectively.
Friday’s jobs report added another consideration for investors weighing the Federal Reserve’s next move. Employers added 165,000 jobs in October, unemployment held near 4.1% and average hourly earnings rose 0.4% from September. Job gains for August and September were revised up by a combined 84,000.
Today’s Focus: Nvidia’s board launched an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort. The review follows reporting that Huang had a relationship with a Chinese business executive whom U.S. intelligence officials believed was gathering information for Beijing.
The board expressed confidence in Huang and said it has no reason to believe national security or company secrets were compromised. Independent directors and outside counsel will oversee the review.
The developments give investors another issue to weigh after last week’s AI stock selloff. The next major economic test arrives Tuesday, when the Labor Department releases October’s Consumer Price Index at 8:30 a.m. ET.
This inflation report comes with an unusual gap. BLS will not publish annual changes for most price indexes because last year’s government shutdown prevented collection of October 2025 data.
Consumer Focus: High prices continue to squeeze household budgets even as consumers grow slightly more optimistic. In the University of Michigan’s preliminary November survey, 57% of consumers said high prices had eroded their living standards, up from 46% in February. Overall sentiment improved from October, but the survey found that cost-of-living concerns far outweighed growing worries about a possible AI bubble.
ON THE SCHEDULE FOR THE WEEK OF MONDAY, NOVEMBER 9, 2026
-8:40 a.m. ET – Fed Vice Chair for Supervision Michelle Bowman discusses community banking
-10 a.m. ET – September wholesale sales and inventories
-Tuesday, 8:30 a.m. ET – October Consumer Price Index and real earnings
-Tuesday, 3:30 p.m. ET – Michelle Bowman speaks on the economic outlook
-Wednesday – Veterans Day; U.S. stock markets open, U.S. bond markets closed
-Thursday, 8:30 a.m. ET – Weekly jobless claims
-Thursday, 10 a.m. ET – October existing-home sales
-Thursday, 10 a.m. ET – Fed Governor Michael Barr speaks on artificial intelligence and inequality
-Friday, 8:30 a.m. ET – October Producer Price Index
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