US Futures Edge Higher After Sharp Selloff

2025-11-07 00:21 By Jam Kaimo Samonte 1 min. read

US stock futures inched higher on Friday after a sharp selloff in the previous session, as renewed pressure on tech and AI-linked shares dragged Wall Street lower.

On Thursday, the Dow fell 0.84%, the S&P 500 dropped 1.12%, and the Nasdaq Composite tumbled 1.9%.

High-flying AI names led the decline, with steep losses from Nvidia (-3.7%), AMD (-7.3%), and Palantir (-6.8%).

The pullback reflected renewed concerns about stretched AI valuations, compounded by worries over a deeper labor-market slowdown.

Challenger data showed 153,000 announced job cuts in October, the highest for that month in 22 years, much of it attributed to AI integration and cost optimization.

With the government shutdown restricting official data releases, investors turned to private indicators that signaled softer economic conditions, further dampening sentiment.

All three major indexes are on track to end the week lower, with the tech-heavy Nasdaq down 2.83% so far.



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