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%.
Coverage
- Palantir Technologies Shares Decline 19% Amid Broader AI Sector Sell-off
- US Stock Futures Mixed Following Technology Sector Selloff
- Nasdaq Enters Correction Territory Amid AI Sector Selloff
- US Stock Futures Decline Following Nasdaq Correction and AI Sector Sell-off
- Nasdaq Composite Enters Correction Territory Following Midterm Election Results
- Nasdaq Enters Correction Territory Amid AI Sector Sell-off and Election Uncertainty
- Nasdaq Enters Correction as AI Trade Rotates and Election Results Spark Market Selloff
- Tech Stocks Face Volatility as AI Infrastructure and Semiconductor Sectors Decline
- Nasdaq and AI-Linked Stocks Face Volatility Amid Sector Divergence
- Semiconductor Stocks Decline as Qualcomm Experiences Significant Sell-off