Stock futures were mostly sliding on Friday, as investors continued to fret about artificial-intelligence valuations following the previous session’s stunning selloff.
S&P 500 futures dropped 0.5%, and contracts tied to the Nasdaq 100 were 0.9% lower. Futures tracking the Dow Jones Industrial Average climbed 129 points, or 0.3%. Bitcoin, which has been a leading indicator for stocks in recent days, slid 4.6% in early trading.
The three major indexes see-sawed on Thursday, starting higher before slumping as Nvidia’s solid earnings failed to ease fears about bloated artificial-intelligence valuations. It was the first time the Nasdaq gained 2% or more at its intraday high and fell 2% or more at the low since April, according to Dow Jones Market Data.
