Markets · Morning
Nasdaq futures rebound while the Dow remains under pressure
At the latest verified Reuters snapshot, Nasdaq-100 futures rose 1.41% and S&P 500 futures gained 0.29%, while Dow futures fell 0.91%. The split tape shows selective dip-buying after Thursday’s rout rather than a full return to risk.
Reuters → Semiconductors · Morning
Chip stocks attempt a sharp relief rebound
Nvidia rose 4.5% premarket, while AMD, Intel, Broadcom and Micron gained between 4.6% and 8.2%. Data-center operators and AI-power suppliers also recovered, but the Nasdaq remains in correction territory after its steepest one-day decline in 19 months.
Reuters → Volatility and rates · Morning
Fear eases, but defensive positioning remains elevated
The VIX retreated to roughly 26.7 after Thursday’s 70% surge, while the 10-year Treasury yield hovered near two-month lows around 4.85%. Markets still price a greater-than-65% chance of a December rate increase, leaving today’s labor data capable of reversing the early rebound.
Reuters → MarketWatch → Macro catalyst · Morning
October jobs report is the session’s main pivot
Nonfarm payrolls, unemployment and wage growth arrive at 8:30 a.m. ET. A weak report could reduce pressure for another Fed increase, while a firm report would reinforce the higher-for-longer rates risk that is already weighing on leveraged growth stocks.
Reuters → BLS calendar → Cross-asset risk · Morning
Oil steadies while crypto remains fragile
Brent was broadly flat after Thursday’s rebound but remained on track for a sharp weekly decline. Bitcoin held near $75,900 and Ether near $2,235 after steep overnight losses, showing that speculative risk appetite has not recovered as quickly as Nasdaq futures.
Reuters → Yahoo Finance crypto → Airbnb · Morning
Airbnb jumps after growth reaccelerates
Third-quarter revenue rose 19% to $4.9 billion, gross booking value increased 21% to $27.7 billion and nights and seats booked grew 16%. Airbnb also authorized an additional $12 billion of share repurchases; the shares gained about 12% premarket.
Airbnb → Reuters → Cloudflare · Morning
Cloudflare surges on accelerating growth and raised guidance
Cloudflare reported third-quarter revenue of $782.5 million, up 39% year over year, with current remaining performance obligations growing 37%. The company raised its outlook, sending the shares roughly 14% to 17% higher before the open.
SEC filing → Cloudflare → DraftKings · Morning
DraftKings tumbles after cutting its outlook
DraftKings fell about 20% to 24% after missing third-quarter expectations and reducing its full-year revenue and earnings guidance. Management cited customer-friendly NFL outcomes and heavier investment in prediction markets.
Dow Jones via MarketScreener → Affirm · Morning
Affirm’s beat fails to satisfy investors
Affirm exceeded fiscal first-quarter revenue and earnings expectations and issued solid forward guidance, but the shares fell about 8% as investors focused on credit-provision trends and took profits after the prior run-up.
Affirm → Dow Jones via MarketScreener → IonQ · Morning
IonQ raises guidance after record revenue
IonQ reported $173.8 million of revenue, up 336% year over year, and increased full-year revenue guidance to $505 million–$515 million. Remaining performance obligations reached $1.2 billion, although adjusted EBITDA remained a $133.6 million loss.
IonQ → Lyft · Morning
Lyft posts record bookings and stronger cash generation
Gross bookings rose 17% to $5.6 billion and adjusted EBITDA increased 47% to $203.9 million. Active riders reached a record 31.6 million, while a legal and regulatory reserve charge pushed reported net income to a $9.7 million loss.
Lyft → Markets · Previous close
Thursday’s AI liquidation remains the baseline
The S&P 500 fell 3.6%, the Nasdaq Composite 4.5% and the Dow 2.9%. The Nasdaq finished roughly 11% below its October record, so Friday’s premarket rebound begins from technically damaged conditions.
Associated Press → Reuters → AppLovin · Previous close
AppLovin remains the major exception to the AI rout
AppLovin gained about 31% after revenue rose 55% to $2.185 billion, adjusted EBITDA increased 59% to $1.842 billion and the company expanded its total buyback authorization to $3.6 billion.
AppLovin → Labor market · Previous session
Jobless claims entered payroll day at a 57-year low
Initial claims fell to 189,000, matching the lowest reading since 1969, while continuing claims rose to 1.718 million. The combination points to scarce layoffs but somewhat slower re-employment for people already out of work.
Reuters → Productivity · Previous session
Productivity and labor costs provided a better inflation signal
Third-quarter productivity grew at a 3.6% annualized rate, above forecasts, while unit labor costs fell 0.7%. That improves the supply-side inflation picture, but today’s payrolls and wage data remain the decisive test for Fed expectations.
Reuters →
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