U.S. stock futures edged higher Thursday evening, reflecting a modest recovery after a selloff in major tech stocks that dragged the market lower earlier in the day. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.14%, 0.13%, and 0.15%, respectively, at 6:26 p.m. EST on November 6.
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Major indices closed Thursday in the red, with the Nasdaq Composite, the S&P 500, and the Dow Jones down 1.9%, 1.1%, and 0.8%, respectively. For the week, the S&P 500 is down 1.8%, the Dow 1.4%, and the Nasdaq 2.8%, as investors grow wary of high AI valuations and a concentrated market.
Among the key economic reports due tomorrow, the University of Michigan Consumer Sentiment Index for November will be released at 10:00 a.m. EST. This is a key indicator of consumer confidence and is expected to be a major focus for the market.
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