Stock futures moved lower Friday after a pullback in the market’s biggest technology names led to a losing session for U.S. equities — and put the major averages on pace for a losing week.
Futures for the Dow Jones Industrials handed back 117 points, or 0.3%, to 46,911.
Futures for the S&P 500 index dipped 23.25 points, or 0.3%, to 6,724.25.
Futures for the NASDAQ sank 135.5 points, or 0.5%, to 25,108.75.
Nvidia shares were down nearly 1% in premarket, set to add to their 7% weekly loss. Fellow leading artificial intelligence player Oracle fell around 1% and was similarly on track for 7% decline on the week.
Palantir Technologies, down 12% on the week, and Broadcom, off by 4% this week, were also lower in early trading.
Key AI leaders lost steam on Thursday, with Nvidia, Advanced Micro Devices, Tesla and Microsoft posting significant declines that weighed on the broader market. The drop in stocks was also exacerbated by data reflecting job cuts for October hit the highest level for the month in more than two decades, making 2025 the worst year for layoffs since 2009.
The S&P 500 is down 1.8% week to date, while the 30-stock Dow Jones Industrial Average is down 1.4% and the NASDAQ has lost nearly 2.8% during the period.
In Japan, the Nikkei 225 docked 1.2% Friday, while in Hong Kong, the Hang Seng lost 0.9%
Oil prices took on 44 cents to $59.87 U.S. a barrel.
Gold prices forged up $14.70 to $4,005.70 U.S. per ounce.
