Traders work on the floor of the New York Stock Exchange during morning trading on October 14, 2026 in New York City. Miguel M. Santiago | Getty Images S&P 500 futures were relatively unchanged early Friday after the gauge posted its first winning session in four, and investors shook off the latest selloff in technology stocks. Futures tied to the broader market average traded 0.16% higher, while Nasdaq-100 futures gained 0.14%. Futures linked to the Dow Jones Industrial Average gained 81 points. In Asia, Japan’s Nikkei 225 added 1.90% while the Topix rose 1.87% on Friday. The Kospi advanced 4.07% and the small-cap Kosdaq gained 5.33%. The Australian benchmark S&P/ASX 200 index rose 1.12%. Hong Kong’s Hang Seng Index rose 1.21%, while mainland China’s CSI 300 rose 0.75%. All three major US averages finished Thursday’s session in the green as investors abandoned key tech names and headed elsewhere in the market. The S&P 500 finished up about 0.3%, while the Nasdaq Composite lagged behind, rising only about 0.1%. Both broke a three-day losing streak. The Dow Jones was the leader among the three, jumping more than 500 points, or about 1.1%. A drop in stocks related to the artificial intelligence trade, especially those in the memory chip space, has weighed on the market this week amid jitters over competition from China. Micron Technology, which ended higher on Thursday, is on track for a drop of more than 9% for the week. Others, such as Seagate Technology and Western Digital, are also heading for a week of losses. Investors are also concerned that technology companies are borrowing too much for AI development. Neocloud stocks like CoreWeave, which also recovered Thursday from a sharp drop in the previous session, are headed up 15% for the week. Additionally, Anthropic has told investors that its third-quarter revenue is $16.8 billion. The revelation comes as traders focus on growth in the AI space and whether it is strong enough to support chipmakers’ recent gains. Chip stocks like Nvidia and Broadcom are in the red this week. This week’s losses have put the S&P 500 and Nasdaq in negative territory so far this week, as the former has fallen nearly 1% for the period, while the latter has fallen more than 2%. The Dow, on the other hand, is on track for a roughly 1% gain for the week. “One of the real challenges we’ve had in AI and technology in general over the last six to 12 months is that a lot of what’s happening is happening in the private markets,” Jeff Richards, managing partner at Notable Capital, told CNBC’s “Closing Bell” on Thursday. He noted that the IPO of AI-linked companies such as Anthropic and OpenAI, among others, could help calm investor concerns. “Once we have more information available (analyst coverage, detailed information on core metrics) on the market over the course of ’27, I think a lot of those fears will ease,” he said. Outside of technology, investors have been grappling with higher-than-expected inflation data, which has been exacerbated by elevated energy prices in the wake of the US-Iran War. Wholesale inflation posted its biggest increase since 2022 this week, while consumer inflation remained well above the Federal Reserve’s 2% target. Investors are now awaiting more earnings results to be released before the call on Friday, including Travelers and Citizens Financial.
