US Stock Futures Decline Following Nasdaq Correction and AI Sector Sell-off
U.S. stock futures declined Thursday evening following a significant sell-off in artificial intelligence stocks that pushed the Nasdaq Composite into correction territory. The downturn was driven by heavy losses in semiconductor and tech companies, with Nvidia (NVDA), Micron Technology (MU), and Advanced Micro Devices (AMD) experiencing sharp declines. Investors are reacting to political shifts following Democratic victories in the House, Senate, and key governorships, which have raised concerns regarding potential slowdowns in data center construction. The broader market saw all 11 S&P 500 sectors close in the red during Thursday's session. Market participants are now shifting focus toward Friday's October payrolls report to gauge economic health. Analysts are looking for a consensus job addition of 59,000 and an unemployment rate holding steady at 4.2%.
Topics: AI sector decline futures trading macroeconomic indicators stock market sell-off
Part of the story US Stock Futures Decline Following Nasdaq Correction and AI Sector Sell-off (10 articles)