U.S. stock futures moved higher early Friday after major indices fell the previous day amid persistent concerns about valuations of artificial intelligence (AI) stocks and growing doubts about an interest rate cut in December. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.17%, 0.31%, and 0.43%, respectively, at 3:58 a.m. EST on November 21.
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Chip giant Nvidia’s (NVDA) better-than-expected results for the third quarter of Fiscal 2026 and solid guidance sparked a rally in the broader market on Thursday, which lost steam in the latter half of the session. Also, the delayed September nonfarm payrolls report made matters worse. While job additions data came better than expected, a weak unemployment rate added to investor woes. During Thursday’s regular trading, the Nasdaq Composite, the S&P 500, and the Dow Jones plunged 2.15%, 1.56%, and 0.84%, respectively.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.084%. WTI crude oil futures were trending lower, hovering near $58.09 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,040 per ounce.
Turning to trending stocks, GAP (GAP) shares rose 5.6% in Friday’s pre-market trading, thanks to strong comparable sales in the apparel company’s fiscal third quarter. Also, Intuit (INTU) stock rose 3.2% after the software company reported better-than-expected fiscal first-quarter results.
Elsewhere, in Europe, markets opened lower on Friday amid a slump in U.S. tech stocks.
Asia-Pacific Markets Closed Lower on Friday
Asia-Pacific indices fell on Friday as the weakness in the U.S. stock market spread to global markets, dragging down major tech stocks.
Hang Seng Index fell 2.38%, while the Shanghai Composite and Shenzhen Component declined 2.45% and 3.41%, respectively.
Also, Japan’s Nikkei closed 2.40% lower while the Topix fell 0.06%. Notably, shares of Japanese conglomerate Softbank (JP:9984) sank about 11%. Meanwhile, the Japanese government announced a 21.3 trillion yen ($135.5 billion) stimulus on Friday, as Prime Minister Sanae Takaichi aims to boost the country’s slowing economy, with consumers bearing the pain of high inflation.
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