US stock market today: Dow futures fall 475 points as S&P 500 and Nasdaq futures rebound, Nvidia, Micron and AMD lead chip recovery after $3 trillion AI-driven Wall Street selloff

US stock market futures are sending mixed signals on Friday, November 6, as investors look for signs of recovery after Thursday’s heavy selloff. Dow futures are down 475 points, or 0.92%, while S&P 500 futures have gained 0.26% and Nasdaq futures are up 1.33%. The split shows that buying has returned to technology stocks, but confidence across the wider market remains weak.

Chip stocks are leading the early rebound. Nvidia, AMD and Micron are among the biggest pre-market gainers after suffering sharp losses on Thursday. Investors are still weighing concerns that a possible shift in US political control could bring tighter regulation of artificial intelligence and slow investment in the sector. The market is also looking ahead to the September jobs report, due before the opening bell.

Dow futures today: Dow Jones drop 475 points

Dow Jones futures are showing the weakest performance among the three major US indexes. Dow futures are trading at 51,140, down 475 points, or 0.92%. The decline suggests that investors are not buying the broader market at the same pace as technology stocks.


The Dow Jones Industrial Average had already lost 1,833 points on Thursday, falling 3.44% to 51,523.06. Financial stocks, industrial companies and other large businesses also faced selling pressure as the AI-related decline spread beyond semiconductor companies.

S&P 500 futures today: Index attempts to recover after 4.36% crash

S&P 500 futures are trading at 7,402.50, up 19.50 points, or 0.26%. The modest gain follows one of the index's worst sessions in recent months.

The S&P 500 closed Thursday at 7,353.73, down 334.89 points, or 4.36%. All 11 major sectors ended lower. Technology stocks led the decline, but losses also reached companies outside the AI industry. The latest futures movement suggests some buying interest, although investors are still cautious about the wider market.

Nasdaq futures rise 1.33% as chip stocks lead recovery

Nasdaq futures are up 355.75 points, or 1.33%, at 27,107.75. The technology-heavy index is getting support from semiconductor stocks, which are recovering part of Thursday's losses.

The Nasdaq Composite fell 5.52% on Thursday, while the Philadelphia Semiconductor Index dropped 12.25%. The selloff wiped out an estimated $2.5 trillion in market value from Nasdaq-related stocks and pushed the index into correction territory. Thursday's decline was its steepest in 19 months.

Nvidia stock price rises 4.17% in pre-market trading

Nvidia stock is trading at $189.17, up $7.57, or 4.17%, before the opening bell. The recovery follows a 9.26% fall on Thursday, when investors sold shares of major AI companies.

Nvidia has been at the centre of the AI investment boom because its chips power many of the data centres used to develop and run artificial intelligence systems. Its rebound is helping Nasdaq futures recover, but investors are still assessing whether concerns about future AI spending could put further pressure on the stock.

Micron stock jumps 7.86% after Thursday's 17.46% loss

Micron Technology (MU) is among Friday's biggest semiconductor gainers. Its shares have climbed $51.58 to $707.97, a gain of 7.86%.

The rebound comes after Micron fell 17.46% on Thursday. The stock had been among the hardest-hit companies during the AI selloff, as investors reassessed demand for memory chips and the pace of data-centre investment.

AMD stock gains 6.95% as semiconductor shares recover

Advanced Micro Devices (AMD) is trading at $432.49, up $28.09, or 6.95%. The rise follows a 17.26% plunge in the previous session.

Other chipmakers are also recovering. Marvell Technology (MRVL) has climbed 7.60% to $143.70, while Intel (INTC) is up 4.50% at $54.60. SK Hynix has gained 4.41% to $129.36.

IREN stock leads pre-market gainers; CoreWeave and SpaceX rise

IREN Limited shares are up 14.92% at $20.72, making the company one of the strongest performers. CoreWeave (CRWV) has gained 6.14% to $46.34.

Other notable movers include Applied Optoelectronics (AAOI), up 4.27% at $48.89, Nokia (NOK), up 5.10% at $7.84, and SpaceX (SPCX), up 3.86% at $128.39.

Investors are also waiting for the October US employment report, scheduled for 8:30 a.m. ET on Friday. Economists expect 65,000 additional nonfarm payroll jobs and an unemployment rate of 4.2%. The figures could influence expectations for the Federal Reserve's next interest-rate decision.

A stronger-than-expected jobs report could increase concerns about inflation and keep interest rates higher for longer. Markets are already pricing in a greater than 65% probability of a December rate hike, according to Reuters.

In commodities, WTI crude oil is quoted at $90.93 and Brent crude at $98.51.

Gold is at $4,074, while silver trades at $51.87.