Nasdaq futures slip on chip weakness

Nasdaq futures dropped as semiconductor and data center stocks fell under pressure. Meanwhile, S&P 500 contracts extended gains following the midterm elections.

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A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, US, November 4, 2026. REUTERS/Jeenah Moon

Nasdaq futures fell during Thursday morning trading as semiconductor stocks retreated, while S&P 500 contracts held onto gains following the political shift in Washington. The divergence highlights growing pressure on AI infrastructure and chipmakers. Investors are weighing regulatory headwinds against shifting valuations across the technology sector.