U.S. stock futures edged higher Thursday evening after a sharp decline in major artificial intelligence (AI) stocks dragged major indices down. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.24%, 0.33%, and 0.29%, respectively, at 7:35 p.m. EST on November 20.
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Earlier in the day, strong earnings from Nvidia (NVDA) briefly lifted the stock market. But the rally faded as tech stocks reversed, with NVDA closing 3.2% lower. By the close, the Dow Jones, the S&P 500, and the Nasdaq fell 0.8%, 1.6%, and 2.2%, respectively.
Some analysts see the pullback as a normal correction after big gains, while others warn that more economic news could determine whether markets bounce or fall further.
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