Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday's AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; at the same time the dollar is up against every G10 currency and oil reversed an early jump above $100 after Qatar's Emir and Trump discussed de-escalating the Iran war, leaving the 10Y yield fractionally higher at 4.86% as the "sell everything" day gives way to a "buy what got hit hardest" morning .
As of 8:05am ET, S&P futures are 0.1% higher at 7,390 while Nasdaq futures are up 1.3% at 27,100 and Dow futures are down 1.1%, as the rotation out of tech and into everything else reverses. On Thursday, the S&P 500 tumbled 4.4%, its worst day since April 2025, the Nasdaq 100 plunged 6.4% and the Philly semis index crashed 12%, wiping out $2.