Nasdaq Futures Steady After Asian AI Rout as Investors Brace for Jobs Day
By Joe Stonor
Nasdaq futures recovered some ground after an artificial intelligence-led market selloff intensified in Asian trade, as investors brace for crucial U.S. jobs data later Friday.
Tech-heavy Asian indexes slumped as Thursday's brutal market selloff in the U.S. spread across the globe. The South Korean Kospi closed over 6% lower to log its worst day since 2025, after trading was halted for 20 minutes amid panic selling. Japan's Nikkei 225 neared correction territory, while major indexes also fell in Hong Kong and Shanghai.
The AI selloff eased in the U.S. premarket, however. Nasdaq futures rose 1.2% after the index lost $2.5 trillion in market value Thursday in its worst day since April 2025. S&P 500 futures were 0.2% higher, though the Dow Jones Industrial Average looked set to extend declines. Contracts tied to the Dow fell 0.8%.
Investors are reassessing their bets on AI after a Democratic sweep in the U.S. midterm elections raised the prospect of political intervention slowing the build-out of AI data centers. Semiconductor and cloud-computing stocks were routed across the globe.
In signs of a tentative recovery, Nvidia shares rose over 3% premarket as chip makers that plummeted Thursday regained some ground.
Treasurys strengthened as investors fleeing risk moved into safe havens. Ten-year yields edged lower to trade close to 4.830%, the lowest level since early September. Thirty-year yields hovered around 5.250%. Yields will likely move on the U.S. October jobs print, with a hot data likely to add to the chances of Federal Reserve rate hike in
Oil prices edged lower, further easing pressure on Treasury yields. Benchmark Brent crude oil contracts were 0.7% lower at $97.60 a barrel. The dollar moved higher against a basket of currencies ahead of the jobs print. Gold contracts in New York fell back below $4,100 a troy ounce. Bitcoin was little moved at $75,500.
For the day ahead, jobs data is the main focus. A clutch of Fed policymakers are due to speak.
Write to Joe Stonor at josephmichael.stonor@wsj.com
(END) Dow Jones Newswires
November 06, 2026 04:40 ET (09:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
3 of the Best Dividend Stocks to Own
The 10 Best Companies to Invest in Now
These Overvalued Stocks Have Plenty of Room to Fall
United States