AI wipeout in focus; U.S. employment data ahead - what’s moving markets

Investing.com · Scott Kanowsky · 2026-11-06 09:01 UTC

AI wipeout in focus; U.S. employment data ahead - what’s moving markets

Investing.com - Futures linked to the main U.S. stock indices are mixed, with the Nasdaq contract holding on to gains, as investors look to pick up the pieces from a massive artificial intelligence-driven wipeout sparked by the Democrats’ election win earlier this week. Shares of Tesla and SpaceX drop, shaving estimated billions of dollars from their market value and boss Elon Musk’s personal fortune. Major investors are now beginning to question whether Anthropic could go public at a $1.5-trillion valuation, while key U.S. jobs data looms large.

1. Futures subdued after AI rout

U.S. stock futures were floating around both sides of the flatline on Friday. By 03:00 ET (08:00 GMT), the Nasdaq 100 futures contract had ticked up by 232 points, or 0.9%, S&P 500 futures were mostly unchanged, and Dow futures had fallen by 534 points, or 1.0%.

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