Key AI Stocks Drop, Prompting U.S. Stock Futures to Decline
U.S. stock futures experienced a decline on Thursday night, following a significant selloff in major artificial intelligence (AI) stocks that negatively impacted the market earlier in the day. The futures for the Nasdaq 100, Dow Jones Industrial Average, and S&P 500 Index dropped by 0.6%, 0.1%, and 0.04%, respectively, as of 10:56 p.m. EST on November 6.
Impact of Major AI Stocks on Market
The downturn was primarily influenced by sharp losses among prominent tech companies such as Nvidia, Advanced Micro Devices, Tesla, and Microsoft. Investors are becoming increasingly cautious regarding the high valuations prevalent within the AI sector.
Market Performance Overview
On Thursday, major indices closed lower:
- Nasdaq Composite: down 1.9%
- S&P 500: down 1.1%
- Dow Jones: down 0.8%
Upcoming Economic Indicators
Investors should keep an eye on the economic reports set for release. Tomorrow, the University of Michigan Consumer Sentiment Index for November is scheduled for publication at 10:00 a.m. EST. This index serves as a critical indicator of consumer confidence and will likely draw significant attention from market watchers.
Stay informed about macroeconomic events with our real-time economic calendar, allowing for filtering by impact and country specifics.
