Nasdaq 100 futures point to a higher open, offering a brief respite for tech stocks following a 6.4% selloff driven by concerns over the political landscape and AI-sector slowdowns.
After the Nasdaq lost nearly 6.4% on Thursday amid AI-slowdown fears following the Democrats' midterm sweep of Congress, Nasdaq-100 futures are trading more than 1.4% higher into Friday's open, signaling tech behemoths will recover part of the losses. The rebound only claws back a fraction of the rout, and the election-driven AI concern could resume selling pressure.
Futures are trading more than 1.4% higher, pointing to a rebound after Thursday's rout in which the Nasdaq lost nearly 6.4% on AI-slowdown concerns tied to the midterm election outcome.
The article only signals some respite: futures suggest recovery of part of Thursday's losses, but concerns about an AI-led slowdown after the Democrats gained control of both chambers of Congress persist.
Nasdaq 100 futures are trading 1.4% higher, signaling a partial recovery after Thursday's sharp 6.4% decline. The market remains volatile as investors weigh the impact of the Democrats' midterm election victory on the future of AI-led growth.
Futures are up more than 1.4% as investors attempt to recover some of the ground lost during Thursday's 6.4% selloff.
Not necessarily. While futures suggest a respite, concerns regarding an AI-led slowdown following the Democrats' midterm election victory continue to weigh on investor sentiment.