The Zhitong Finance App learned that on Thursday, futures for the three major US stock indexes fell sharply, with NASDAQ futures plummeting 1.3%. Most Star Technology stocks fell before the market. Nvidia (NVDA.US) fell nearly 9%, Micron Technology (MU.US) fell more than 4%, Intel (INTC.US) fell more than 3%, and SpaceX (SPCX.US), Tesla (TSLA.US), and Meta (META.US) fell more than 1%. According to the news, Wong In-hoon has resigned as Nvidia's president, CEO, and board member with immediate effect; Executive Vice President and Chief Financial Officer Colette Kress has been appointed as interim CEO. The Nvidia crisis brought the tech stock rebound to a standstill.

Furthermore, Federal Reserve officials have recently released a series of hawkish signals, further strengthening the market's expectations of interest rate hikes. Federal Reserve Governor Christopher Waller said on Tuesday that if the US core consumer price index (CPI) rises 0.3% or higher in October, then next month's interest rate hike of 50 basis points should be taken into consideration; on the contrary, he supports a 25 basis point increase in interest rates. According to data released on Tuesday, the US CPI rose 0.4% month-on-month in October, and the core CPI rose 0.3% for the third month in a row. Waller was previously viewed as a dovish official within the Federal Reserve, but the policy signals recently released have clearly turned hawkish.

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