Why it matters
- Dow futures were up about 0.71% and S&P 500 futures about 0.14% around 8:45 a.m. ET on Thursday, Nov. 5, Yahoo Finance data showed. Nasdaq 100 futures were down about 0.74%.
- Initial jobless claims fell 6,000 to 189,000 in the week ended Oct. 31, the Labor Department said. Productivity rose at a 3.6% annual rate in the third quarter, the BLS said.
- Qualcomm was down about 11.8% and Arm about 7.6% before the bell, while AppLovin was up about 22.7%, Yahoo Finance data showed. The October jobs report is due Friday.
The day ahead: scheduled events and what forecasters expect.
U.S. stock futures were mixed before the open on Thursday, Nov. 5, after Wednesday's post-election rally. Dow futures were up about 0.71% and S&P 500 futures about 0.14% around 8:45 a.m. ET, according to Yahoo Finance data, while Nasdaq 100 futures fell about 0.74% as AI-linked stocks slid for a second day. Initial jobless claims fell to 189,000, the Labor Department said.
The 9:30 a.m. ET open is 14:30 GMT.
Where are futures and oil before the open?
| Market, about 8:45 a.m. ET | Level | Change vs. Wednesday |
|---|---|---|
| Dow futures | 53,882 | +0.71% |
| S&P 500 futures | 7,731.50 | +0.14% |
| Nasdaq 100 futures | 28,356.75 | −0.74% |
| Russell 2000 futures | 2,873.30 | +0.26% |
| 10-year Treasury yield | 4.90% | about unchanged |
| Brent crude, January ($/barrel) | 96.67 | +2.17% |
| WTI crude, December ($/barrel) | 89.35 | +1.40% |
| Gold futures ($/ounce) | 4,132.40 | +1.46% |
Source: Yahoo Finance chart data. Levels are delayed and approximate. The 10-year change is from Treasury's Wednesday close of 4.90%. Oil changes are from Wednesday's settlements reported by CNBC: January Brent at $94.62 and December WTI at $88.12.
Why are Nasdaq futures down today?
Nasdaq futures are down because AI-linked stocks fell for a second day. CNBC said investors worried that a Democratic sweep of Congress and key governor races could bring more regulation of data center buildout. Nvidia was down about 1.4% and Broadcom about 2.6% before the bell, Yahoo Finance data showed. Financials led Dow futures higher, CNBC said; JPMorgan was up about 1.3% and Goldman Sachs 1.1%.
Oil rebounded after Wednesday's plunge. CNBC said WTI rose above $90 and Brent above $97 at points this morning. "We may be headed for more volatility as investors digest the election results and potential policy implications," Jordan Watson of Tandem Investment Advisors told CNBC.
Which stocks are moving before the bell?
| Stock, about 8:55 a.m. ET | Premarket | Change vs. Wednesday close |
|---|---|---|
| AppLovin | $333.30 | +22.65% |
| Peloton | $5.80 | +6.23% |
| Qualcomm | $152.78 | −11.78% |
| MercadoLibre | $1,605.00 | −7.75% |
| Expedia | $291.86 | −7.60% |
| Arm Holdings | $177.32 | −7.55% |
Source: Yahoo Finance chart data, including premarket trading.
Qualcomm beat earnings estimates but gave a weaker-than-expected outlook, CNBC reported. AppLovin posted better-than-expected results and guidance above estimates. Arm's adjusted earnings of 52 cents a share topped the 47-cent estimate. Expedia gave weaker-than-expected fourth-quarter revenue guidance, and Peloton's revenue of $559 million beat estimates, CNBC said. Wendy's rejected a $1.4 billion takeover bid from a Trian-led group; its shares were up about 2.4%.
What did jobless claims and productivity show?
Initial jobless claims fell 6,000 to a seasonally adjusted 189,000 in the week ended Oct. 31, the Labor Department said. The prior week was revised up to 195,000. The four-week average fell to 194,750. Continuing claims rose 23,000 to 1,718,000 in the week ended Oct. 24.
Nonfarm business productivity rose at a 3.6% annual rate in the third quarter, the Bureau of Labor Statistics said. Output rose 3.7% and hours worked 0.1%, and unit labor costs fell 0.7%.
What else is due today and this week?
- Bank of England: It raised Bank Rate a quarter point to 4% in an 8-1 vote at 12:00 GMT, its summary said; see our Europe Thursday recap.
- Noon ET: Freddie Mac mortgage rates. Freddie Mac publishes its weekly survey Thursdays at 12 p.m. ET. Last week, on Oct. 29, the 30-year fixed rate averaged 7.24%, it said.
- Earnings: ConocoPhillips, Sony and Cigna were among companies reporting before the open, and Airbnb, Cloudflare, EOG Resources and Atlassian report after the close, Nasdaq's earnings calendar shows.
| Date | Event |
|---|---|
| Fri., Nov. 6 | October jobs report (8:30 a.m.) |
| Mon., Nov. 9 | 3-year note auction, $58 billion (1 p.m.) |
| Tue., Nov. 10 | 10-year note auction, $42 billion (1 p.m.) |
| Thu., Nov. 12 | 30-year bond auction, $25 billion (1 p.m.) |
Sources: Bureau of Labor Statistics and Treasury. Times are ET.
Overnight, South Korea's Kospi fell 5.28% on AI rule worries; see our Asia Thursday recap. Wednesday's rally is in our Americas Wednesday recap.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- U.S. Department of Labor, Unemployment Insurance Weekly Claims (Nov. 5, 2026)
- Bureau of Labor Statistics, Productivity and Costs, third quarter 2026, preliminary (Nov. 5, 2026) and Employment Situation schedule
- CNBC, Dow futures rise more than 300 points after monster postelection rally: Live updates (Nov. 5, 2026)
- CNBC, Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war (Nov. 4, 2026)
- Bank of England, Monetary Policy Summary and minutes, November 2026 (Nov. 5, 2026)
- Freddie Mac, Primary Mortgage Market Survey
- U.S. Treasury, Quarterly Refunding Statement (Nov. 4, 2026) and daily par yield curve rates
- Nasdaq, earnings calendar for Nov. 5, 2026
- Yahoo Finance, chart data for Dow futures, S&P 500 futures, Nasdaq 100 futures, Russell 2000 futures, 10-year yield, Brent January, WTI December, gold futures, AppLovin, Peloton, Qualcomm, MercadoLibre, Expedia, Arm, Wendy's, Nvidia, Broadcom, JPMorgan and Goldman Sachs