Nasdaq futures rally after Asian AI rout as investors brace for October jobs report
What happened
Nasdaq futures rose about 1.8% in Friday premarket trading, clawing back part of Thursday's historic selloff, while S&P 500 futures gained roughly 0.6% and Dow futures slipped about 0.55%. AI stocks that had plummeted Thursday rallied in the premarket, with Nvidia up about 4.1%. The bounce came after the AI selloff spread across Asia overnight: South Korea's Kospi closed more than 6% lower in its worst day since 2025 after a 20-minute trading halt, Japan's Nikkei 225 neared correction territory, and indexes in Hong Kong and Shanghai also fell. The October nonfarm payrolls report is due at 8:30 a.m. ET, with consensus around 59,000-65,000 new jobs and unemployment steady at 4.2%.
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Start your free 14-day trialWho’s affected
- Nvidia (NVDA) — up ~4.1% premarket after losing $374-447 billion in value Thursday
- Tesla (TSLA) — fell ~9.5-12% Thursday, also bouncing in premarket; broad AI/semiconductor complex (Broadcom, AMD, Micron) — leading the premarket recovery after the SOX's 12.25% Thursday plunge
- Asian tech (Samsung, SK Hynix, TSMC-linked names) — still falling overnight as the rout spread to Kospi and Nikkei.
Sources