Nasdaq futures recovered some ground Friday as an artificial-intelligence selloff paused following a rout in Asian tech stocks. Investors are bracing for crucial U.S. jobs data due later in the day, which could influence Federal Reserve policy. The rebound in U.S. equity futures comes after a sharp decline in Asian markets, where AI-related names bore the brunt of the selling. Traders are watching for signs of labor market resilience as they assess the outlook for interest rates. The upcoming employment report is expected to provide key insights into the health of the American economy.
Market participants are closely monitoring the jobs report for any surprises that might alter expectations for monetary policy. A strong reading could reinforce bets on higher-for-longer rates, while a softer print may revive hopes for rate cuts. The interplay between tech sector volatility and macroeconomic data remains a central theme as the week draws to a close.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing