Nasdaq futures rise as tech stocks recover from election volatility (6 Nov)

Tech and AI shares rebound in pre-market trading

Nvidia shares rebounded 4.5% in pre-market trading on Friday after experiencing their worst session since January 2025. Other semiconductor shares also moved higher, with AMD, Intel, Broadcom, and Micron Technology climbing between 4.6% and 8.2%.

Data-centre firms IREN and Applied Digital, alongside neocloud providers CoreWeave and Nebius Group, bounced back following sharp drops the previous day. Tesla stock rose 2% and SpaceX stock rose 4% after steep falls in the prior two sessions.

Nasdaq-100 index tracks weekly and monthly performance

The Nasdaq-100 index fund rose 1.4% before the opening bell on Friday, while the S&P 500 tracker increased 0.1% and the Dow tracker fell 0.9%. The Nasdaq-100 fund has fallen 8% over the past week.

VIX volatility index and treasury yields stabilize

The 10-year Treasury yield fell to 4.9% on Wednesday. This level is the lowest recorded in a month, down from 5.3% in early October.

The CBOE Volatility Index slipped to 26.70 on Friday. This follows a single-day rise on Thursday that was the largest in roughly 19 months.

Corporate earnings drive individual stock fluctuations

Delek US Holdings reported adjusted earnings per share of $13.55, which beat the $8.12 estimate. Shares of the company rose 4% to about $65. The firm reduced its costs by $334.7 million following EPA small refinery exemptions.

Airbnb shares jumped 12.2% after the company raised its full-year 2026 revenue growth forecast. Brookfield Asset Management shares rose 1%.

Brookfield Infrastructure Partners posted funds from operations of $0.91 per unit, surpassing the $0.83 estimate. Despite this, units fell 2%. Calumet reported earnings per share of $2.91, beating expectations. Its shares fell 2%, which added to a 25% decline over the past month.

Tesla shares dropped by more than 9% during the same period.

Energy sector faces weekly losses as oil prices shift

On Tuesday, West Texas Intermediate oil was priced at approximately $100, which is a decrease from its peak of $110 in October.

Tech industry addresses concerns over AI and data-center regulation

Investors feared that a Democratic victory in the midterms would introduce stricter AI rules and hamper data-centre growth, particularly in major data-centre states.

Tech industry leaders have acknowledged a need to improve communication regarding the benefits of artificial intelligence and data centres following the election.

Investors monitor federal reserve policy and consumer data

Traders have assigned a greater than 65% probability to a rate hike in December, according to the CME FedWatch Tool.

The Federal Reserve is scheduled to release a policy statement at 2 p.m. ET today. Consumer credit data is also scheduled for release at 3 p.m. ET.