14.11.202511:48:49UTC+00US Futures Point to Losses at the Open

U.S. stock futures declined on Friday, with S&P 500 contracts slipping by 0.6%, Nasdaq 100 futures decreasing by 0.9%, and Dow Jones futures dropping approximately 180 points. This downturn followed a significant sell-off on Thursday, marking Wall Street's most challenging day since October 10. The technology sector is poised to remain under pressure as investors express growing concerns over potential overvaluation in AI-related stocks, which could lead to a bubble. Additionally, apprehensions emerged regarding the Federal Reserve's potential hesitation to cut interest rates next month, as several policymakers have shown skepticism about the necessity for another reduction. Market expectations for a 25 basis point rate cut in December have fallen to just below 50%, down from nearly 65% earlier in the week. Before the market opened, shares in Nvidia dropped about 2.4%, Tesla declined 3.8%, and Applied Materials plummeted over 6% following their earnings and revenue reports, which failed to meet expectations. For the week, the S&P 500 has increased by approximately 0.1%, the Dow by roughly 1%, while the Nasdaq has fallen by 0.6%.