Asia's Chip Stocks Crashed Overnight, With SK Hynix Down 11.7% And Taiwan Off More Than 8%. Now Nasdaq Futures Are Pointing Higher
Nasdaq-100 futures slipped 0.4% as investors weighed the AI rout and an October payrolls report expected to show 59,000 jobs added, analysts said.
- On Thursday evening, U.S. stock futures fell after a sell-off in artificial intelligence stocks sent the Nasdaq Composite into correction territory, closing more than 10% below its most recent high.
- Tech juggernauts in the Magnificent Seven shed more than $1 trillion in aggregate market cap, while traders cited concerns that Democratic wins in the House, Senate, and Texas could hinder data center construction.
- Micron Technology and Advanced Micro Devices plummeted 17% each, while Nvidia dropped 9%; the Nasdaq tanked 5.5%, the S&P 500 lost 4.4%, and the Dow fell more than 1,800 points, or 3.4%.
- Victoria Green, CIO at G Squared Private Wealth, told CNBC Thursday that the pullback creates a buying opportunity, stating, "The AI trade, in my opinion, is not dead here."
- Investors now await the October payrolls report due Friday morning, with the consensus estimate projecting 59,000 jobs added last month and the unemployment rate holding steady at 4.2%.
12 Articles
12 Articles
Asia's Chip Stocks Crashed Overnight, With SK Hynix Down 11.7% And Taiwan Off More Than 8%. Now Nasdaq Futures Are Pointing Higher
TSMC shares tanked in Taipei but are climbing in New York before the bell. The gap exposes who actually took the hit from Thursday's rout, and which AI-linked stocks may still be in trouble when U.S. trading opens.
Breaking: Stock Market Plummets to 'Correction' Zone as 'True Panic' Sets in Two Days After Election
Days after the political world turned on President Donald Trump, allowing Democrats to sweep into power, the financial world shivered to the core Thursday, fearing Trump might have been right […] The post Breaking: Stock Market Plummets to 'Correction' Zone as 'True Panic' Sets in Two Days After Election appeared first on The Western Journal.
US stock indexes may open higher, but the situation is quite fragile. Now everyone is speculating whether we saw a one-off big drop on Thursday or whether we should prepare for a sustained decline in prices.
Nasdaq 100 Index Futures are Rebounding: Beware of a Dead Cat Bounce
The Nasdaq 100 Index futures are bouncing back today, November 6, as investors buy the dip following Thursday’s crash that led to a $2 trillion wipeout. It jumped to 27,080, a few points above Thursday’s low of 26,353. So, is it safe to buy the dip or is this a dead-cat bounce? Nasdaq 100 Index is Rebounding as Investors Buy the Dip The Nasdaq 100 Index futures suffered a big drop on Thursday as investors came to terms with the […] The post Nasd…
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