Wall Street showed little sense of direction in premarket trading following a bruising sell-off in technology stocks on Thursday.
Nvidia slipped a further 2pc ahead of the opening bell after a highly volatile session in which its shares surged as much as 5pc before reversing to close 3.2pc lower.
All three major US indexes are now on course for their worst weekly decline since March, with the Nasdaq retreating sharply from its October highs and sliding toward a steep monthly loss as doubts grow over whether AI-focused companies can truly live up to the market’s lofty expectations.
The outlook for US interest rates also remains clouded. Brokerages are split on whether the Federal Reserve will deliver a December rate cut, following the long-delayed September jobs report — the final employment data point before next month’s policy decision. Traders currently assign roughly a 37pc chance of a reduction in borrowing costs.
In premarket trading, the S&P 500 dipped 0.2pc, the Nasdaq slid 0.6pc, while the Dow Jones Industrial Average edged 0.1pc higher, reflecting the market’s tentative and uncertain tone.
