Stock market today: Dow, S&P 500, Nasdaq futures wobble after brutal sell-off, with key jobs report on deck Grace O'Donnell · Editor, Special Projects Updated Fri, November 6, 2026 at 6:00 AM EST 1 min read ^IXIC -5.52% ^DJI -3.44% ^GSPC -4.36% NVDA +4.10% MU +7.71% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
US stock futures attempted to stabilize on Friday after a post-election rally turned into an artificial intelligence trade meltdown, sending tremors through markets. Investors also braced for the October jobs report.
Futures on the Dow Jones Industrial Average (YM=F) fell 0.7%, while those on the S&P 500 (ES=F) rose 0.3%. Contracts for the Nasdaq-100 (NQ=F) rose 1% after the tech-heavy index slipped into a correction on Thursday.
The major indexes were on track to post substantial losses during the volatile election week that saw the Democrats retake the House and Senate. At the center of Wednesday's deep sell-off, which erased $2.3 trillion in market value, were concerns about a slowdown in data center construction and in AI spending.
The hit chip stocks like Nvidia (NVDA), Micron (MU), AMD (AMD), and Sandisk (SNDK) most directly, but also spilled into broader markets, sending the VIX Volatility Index (^VIX) up 70% to 28.
Oil prices have also been in play, with global benchmark Brent crude (BZ=F) and WTI crude (CL=F) futures falling below $100 per barrel. Energy traders continue to assess the outlook for the war in the Middle East, with the potential for a reescalation weighing on sentiment.
Not to be overshadowed, the Labor Department will release its monthly jobs report at 8:30 a.m. ET, providing an update on the health of the labor market. All signs point to a largely stable jobs environment, and economists expect that the US added 65,000 jobs in October.
When President Trump and his allies in Congress moved to end the EV subsidy, automakers braced for a crash in electric car sales. Tesla (TSLA), the US leader, was especially vulnerable because it didn't have gas-powered vehicles to lean on, and keeping prices as low as possible was crucial to competing with EV rivals.
In a new regulatory environment, one that was more hostile to EVs, Tesla used the disappearing $7,500 tax break as an advantage. It lost a valuable subsidy, but used its scale to win a war of attrition, thereby consolidating the market. Other firms needed the subsidy even more, and though Tesla got hurt, the damage was less than its peers' in many ways.
On top of that, a new barrier to entry was in place, and Tesla's competitive moat got wider.
That's a roadmap for how Big Tech could navigate the data center backlash. And it helps explain why many investors are bullish on hyperscaler stocks despite a nationwide referendum against data centers and notable victories from candidates opposing them.
Airbnb (ABNB) stock jumped after hours after the peer-to-peer home rental company touted strong growth across its business and raised its full-year outlook amid healthy global travel demand.
"Airbnb is back in growth mode," CEO Brian Chesky said in a release to investors. "It's rare for a marketplace of our size to reaccelerate growth, but that's exactly what we're doing. In Q3, we delivered our fastest revenue growth in more than three years, with acceleration across our business, including our most established markets."
In the third quarter, Airbnb reported earnings per share of $3.16, surpassing Wall Street analyst estimates of $2.85 per share, according to S&P Global Market Intelligence data. Revenue grew 19% to $4.87 billion, also beating estimates of $4.74 billion.
"In North America, nights booked grew at their fastest pace in four years," the company said. "We're also seeing more guests return to Airbnb, and more people try it for the first time."
The strength of the company's quarter led it to raise its guidance for the remainder of the year.
In the fourth quarter, Airbnb expects revenue to grow 16%-19% to a range of $3.22 billion to $3.28 billion, exceeding the Street's midpoint estimate of $3.16 billion.
For the full year, Airbnb forecasts revenue growth in the high teens and adjusted EBITDA margins to increase to approximately 36%.
Economic data: Change in nonfarm payrolls, October (+55,000 expected, +29,000 prior); Change in private payrolls, October (+55,000 expected, +46,000 prior); Change in manufacturing payrolls, October (0 expected, +9,000 prior); Average hourly earnings, month-on-month, October (+0.3% expected, +0.1% prior); Average hourly earnings, year-on-year, October (+2.9% expected, +3% prior); Unemployment rate, October (4.2% expected, 4.2% prior); Labor force participation rate, October (+61.8% prior); U. Mich. sentiment, November preliminary reading (47.3 expected, 48 prior); U. Mich. current conditions, November preliminary reading (46.7 prior); U. Mich. expectations, November preliminary reading (48.8 prior); U. Mich. 1-year inflation expectation, November preliminary reading (4.7% prior); U. Mich. 5-10 year inflation expectation, November preliminary reading (3.5% prior)
Earnings calendar: Enbridge (ENB), Moderna (MRNA), Brookfield Asset Management (BAM), Humana (HUM), Vistra Corp. (VST), Ubiquiti (UI), Franklin Templeton (BEN), Charter Communications (CHTR)
Catch up on some top stories you might have missed overnight:
Retail traders dump $257 million in stocks in 5th biggest selling day since 2020
Trump pins the market's plunge on Democrats' midterm wins
Dollar lures bids for safety as AI rout grips Asian markets
As high oil prices curb demand, fresh signs of glut appear
The New York Times reportedly in talks to buy Letterboxd for $330 million
