Stock Futures Point Lower Ahead of Jobs Report; AI Concerns Continue to Weigh on Tech Shares

Stock futures pointed lower Tuesday ahead of a long-delayed U.S. employment report as AI-tied shares continue to weigh on major equities indexes.

Futures associated with the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were down 0.2%, 0.1%, and 0.1%, respectively.

Yesterday, the Nasdaq, Dow, and S&P 500 ended down a respective 0.6%, 0.2%, and 0.1%, as technology shares remained under pressure on AI bubble fears.

Broadcom (AVGO) and Oracle (ORCL) declined nearly 6% and 3%, respectively, on Monday and have dropped about 18% and 17% over the past three sessions amid disappointing quarterly reports. Both were down slightly before the bell Tuesday.

In addition to big tech shares, investors will be paying attention Tuesday to the delayed U.S. jobs report, which is scheduled for release at 8:30 a.m. ET, as well as retail sales data from October and business inventories levels from September, which can provide a closer look at consumer demand.

The 10-year Treasury yield, which influences interest rates on a variety of commercial and consumer loans, was little changed from Monday’s close at around 4.18%.

The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was 0.1% lower at 98.22. Yesterday it posted its lowest closing level, 98.31, since ending at 98.11 on Oct. 6.

Bitcoin traded around $86,900, up from the day’s low of below $85,300.

Gold futures slipped 0.2% to $4,305 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, fell nearly 2% to $55.80 a barrel.

In corporate news, Ford Motor (F) shares ticked higher after it said it expects roughly $19.5 billion in EV charges and intends to focus on gas and hybrid vehicles. Tesla (TSLA) stock pulled back about 1% after jumping roughly 3.5% yesterday to finish at its highest closing level of 2025 following an X post by CEO Elon Musk on Sunday confirming that the company was testing driverless cars in Austin, Texas.