U.S. stock futures are mostly higher in premarket trading led by a tech rebound after the major indices had their worst day since April of 2025.

Thursday’s sell-off in artificial intelligence-related shares sent the Nasdaq-100 (NDX) into a correction territory and settled 15% off October’s record high. Concerns of a potential slowdown in data center construction following the Democratic wins in the House and Senate and key state governorships hit U.S. markets hard on Thursday.

Semiconductor stocks are leading the gains this morning with the VanEck Semi ETF (SMH) bouncing 5% in premarket trading. Investor focus will be on the tech sector stocks today along with the October nonfarm payrolls data. Economists expect 65,000 jobs added with the unemployment rate holding steady at 4.2%.

Snapshot

• Oil (/CL) – Oil futures are down 0.3% to $90.25 per barrel
• Gold (/GC) – Gold futures are down 0.97% to $4,072.10 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are down 0.7% to 76,200
• VIX (/VIX) – The CBOE Volatility Index is down 3.5% to 27.19
• U.S. Dollar ($DXY) – The dollar index is up 0.46% to 102.017

Big Premarket Movers

Advancers

• Airbnb Inc (ABNB) 13.44%
• Sandisk Corp (SNDK) 11.52%
• Lam Research Corp (LRCX) 11.25%
• Bloom Energy Corp (BE) 10.88%
• Marvell Technology Inc (MRVL) 9.92%

Decliners

• Axon Enterprise Inc (AXON) -9.56%
• Charter Communications Inc (CHTR) -7.72%
• Monster Beverage Corp (MNST) -5.92%
• Jacobs Solutions Inc (J) -5.11%
• Willis Towers Watson PLC (WTW) -4.31%

Economic Data (ET)

• 8:30 AM: October Jobs Report
• 9:10 AM: Fed’s Musalem Speaks
• 10:00 AM: Consumer Sentiment
• 12:15 PM: Fed’s Bowman Speaks
• 3:00 PM: Consumer Credit

Notable Earnings

• Premarket: BAM, CHTR, DK, FLR, HUM, MRNA, OKLO, PPL, UAA, VST
• Postmarket: N/A
• Premarket Monday: B, CEG, CNH, DOLE, EVGO, FERG, KKR, MNDY, NRG, RBA, RDNT, SEAT, VRTS
• Postmarket Monday: ACHR, AMCX, ASTS, BAP, HIMS, HRB, IHRT, LCID, MARA, OXY, RKLB, RXT, SKYD, TTD, TTWO, ZETA, ZIP

Upgrades/Downgrades

Upgrades:

• Wells Fargo upgrades Becton Dickinson (BDX) from Equal Weight to Overweight
• JPMorgan upgrades SQM (SQM) from Neutral to Overweight

Downgrades:

• DZ Bank downgrades Pfizer (PFE) from Buy to Hold
• Barclays downgrades Fortis (FTS) from Overweight to Equal Weight
• Citi downgrades BJ's Wholesale (BJ) from Buy to Neutral

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, futures commission merchant, or forex dealer member.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.