Jobs Report Day: Can Payrolls Calm the AI Stock Selloff?

U.S. stocks were mixed on Friday, with the Dow Jones, S&P 500, and Nasdaq 100 index futures moving in different directions after Thursday's lower close. Investors will watch October's non-farm payrolls report, scheduled to be released ahead of the opening bell. Asian markets tumbled Friday after a sharp sell-off in U.S. technology stocks spread to chipmakers across the region, with South Korea's Kospi plunging more than 6 percent and Japan's Nikkei-225 falling around 6 percent. President Donald Trump is weighing whether to resume military strikes against Iran, maintain economic pressure, ...or pursue a negotiated settlement, according to Axios, after Republicans suffered a sweeping midterm election defeat. Meanwhile, the 10-year Treasury bond yielded 4.83%, and the two-year Treasury bond yielded 4.47% at the last check. The CME Group's FedWatch tool projections show markets pricing in a 69.4% likelihood of the Federal Reserve hiking interest rates after its December meeting. The SPDR S&P 500 ETF Trust, the Invesco QQQ Trust ETF, and the SPDR Dow Jones Industrial Average ETF Trust were mixed in pre-market trading on Friday. The SPY was up 0.67% at $737.91. The QQQ advanced 2.01% to $660.04. And the DIA fell 0.60% to $511.16. Stocks in focus for today are... Airbnb was up 11.98% in pre-market trading on Friday after reporting third quarter 2026 earnings after the closing bell on Thursday and beating estimates. It reported EPS of $3.16 versus $2.85 and revenue of $4.87 billion Versus $4.75 billion. Cloudflare was 14.84% higher in pre-market trading on Friday after it reported third quarter 2026 earnings after the closing bell on Thursday, beating estimates. It reported EPS of $0.38 versus $0.34 and revenue of $782.51 million versus $738.53 million. Lam Research was 10.06% higher in pre-market trading on Friday after the company announced a $25 billion buyback. Monster Beverage was 2.79% lower in pre-market trading on Friday Despite meeting third quarter 2026 earnings estimates after the closing bell on Thursday, it reported EPS of $0.30 versus $0.30 and revenue of $2.56 billion versus $2.5 billion. FiveNine was 16.51% lower in pre-market trading on Friday, despite beating third quarter 2026 earnings estimates after the closing bell on Thursday. Shares fell as the company cut its fiscal 2026 adjusted EPS guidance below estimates and issued fourth quarter EPS guidance below estimates. Thank you for watching and make sure to subscribe.