Stock market today: Nasdaq futures rebound after brutal sell-off, Dow and S&P 500 wobble as US adds 165K jobs

Yahoo Finance · Grace O'Donnell · 2026-11-06 13:59 UTC

Stocks are poised for steep weekly losses as a post-election rally turned into an artificial intelligence trade meltdown, sending tremors through markets.

US stock futures attempted to stabilize on Friday after a post-election rally turned into an artificial intelligence trade meltdown, sending tremors through markets. Investors also assessed a hotter-than-expected October jobs report.

Futures on the Dow Jones Industrial Average (YM=F) fell 0.8%, while those on the S&P 500 (ES=F) rose 0.2%. Contracts for the Nasdaq-100 (NQ=F) rose more than 1.5% after the tech-heavy index slipped into a correction on Thursday.

The major indexes were on track to post substantial losses during the volatile election week that saw the Democrats retake the House and Senate. At the center of Thursday's deep sell-off, which erased $2.3 trillion in market value, were concerns about a slowdown in data center construction and in AI spending.

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