U.S. stock futures were down on Friday morning as concerns about the lofty valuations of artificial intelligence (AI) and tech stocks continued to weigh on investor sentiment. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.69%, 0.50%, and 0.40%, respectively, at 8:14 a.m. EST on November 7.
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During Thursday’s regular trading session, all three major indexes closed lower as valuation concerns impacted major technology stocks, including Nvidia (NVDA), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), and Microsoft (MSFT). The Nasdaq Composite, the S&P 500, and the Dow Jones closed lower by 1.90%, 1.12%, and 0.84%, respectively, yesterday.
Coming to trending stocks, Airbnb (ABNB) shares were up 3% in Friday’s pre-market trading after the travel company issued an upbeat Q4 revenue outlook. Globus Medical (GMED) stock jumped 30% on Q3 earnings beat. Meanwhile, Opendoor (OPEN) stock plunged 24% after the real estate company posted a larger-than-anticipated loss for the third quarter of 2025.
Meanwhile, Tesla (TSLA) CEO Elon Musk won a key shareholder vote approving his proposed $1 trillion compensation package.
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