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U.S. Stock Futures Rebound After Tech Sell-Off, Tesla Gains on Musk Compensation Approval

U.S. Stock Futures Rebound After Tech Sell-Off, Tesla Gains on Musk Compensation Approval

Author:

Global Cryptocurrency

Published:

2025-11-07 09:32:02

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BTCCSquare news:

U.S. stock futures edged higher in early trading Friday, attempting to recover from Thursday's broad sell-off led by AI and tech giants. Nasdaq 100 futures ROSE 0.21%, while S&P 500 and Dow Jones futures gained 0.16% and 0.11% respectively. The rebound follows a brutal session that saw the Nasdaq Composite plunge 1.90% amid valuation concerns for market leaders like Nvidia, AMD, and Microsoft.

Tech stocks remain on track for weekly losses, with the Nasdaq down 2.8% since Tuesday's opening bell. The sector's decline reflects growing investor unease about concentrated market exposure and stretched valuations in artificial intelligence plays. In after-hours action, Tesla shares climbed 1.6% as shareholders ratified Elon Musk's controversial $1 trillion compensation package.

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