Traders work on the floor of the New York Stock Exchange during morning trading October 14, 2026 in New York.
Michael M. Santiago | Getty Images
S&P 500 futures remained relatively unchanged Thursday after the S&P 500 posted its first winning session in four as investors recovered from the latest selloff in technology stocks.
Futures contracts linked to the general market average, traded just below the flat line, while Nasdaq-100 Futures Contracts were down 0.3%. Futures contracts linked to Dow Jones Industrial Average earned 10 points.
In Asia, Japan’s Nikkei 225 gained more than 1% while the Topix rose 1.14% on Friday. THE Kospi advanced 1.22% at the open and the small-cap Kosdaq gained 1.28%. The Australian reference S&P/ASX200 was 0.83% higher.
All three major U.S. averages ended Thursday’s session in the green as investors turned away from major tech names and toward other segments of the market. THE S&P500 finished up around 0.3%, while the Nasdaq Composite is lagging behind, increasing only about 0.1%. Both ended a three-fight losing streak. THE Dow was the leader among the three, jumping more than 500 points, or about 1.1 percent.
A decline in stocks linked to the artificial intelligence trade, particularly those in the memory chip sector, weighed on the market this week, amid concerns over competition from China. Micron technologywhich ended up on Thursday, is on track to fall by more than 9% over the week. Others like Seagate Technology And Western digital are also preparing for a losing week.
Investors also worry that tech companies are borrowing too much to develop AI. Neocloud shares like CoreWeavewhich also recovered on Thursday from a sharp drop in the previous session, is heading towards an increase of 15% over the week.
Additionally, Anthropic told investors that its third-quarter revenue was $16.8 billion. The disclosure comes as traders focus on growth in the AI space and question whether it is strong enough to support chipmakers’ recent gains. Chip stocks like Nvidia And Broadcom are in the red this week.
This week’s losses put the S&P 500 and Nasdaq in negative territory since the start of the week, with the former falling nearly 1% over the period, while the latter fell more than 2%. The Dow, on the other hand, is on track to be up about 1% for the week.
“One of the real challenges that we’ve had in AI and technology over the last six to 12 months is that a lot of what’s happening is happening in private markets,” Jeff Richards, managing partner at Notable Capital, told CNBC’s “Closing Bell” on Thursday. He noted that the IPO of AI-related companies like Anthropic and OpenAI, among others, could help ease investor concerns.
“Once we have more information (analyst coverage, detailed information on basic indicators) about the market during 27, I think a lot of these fears will subside,” he said.
Outside of the technology sector, investors are grappling with higher-than-expected inflation data, exacerbated by rising energy prices following the U.S.-Iran war. Wholesale inflation saw its biggest gain since 2022 this week, while consumer inflation remained well above the Federal Reserve’s 2% target.
Investors are now eagerly awaiting more financial results to be released before the bell on Friday, including Travelers And Citizens’ Financial.
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