US stock futures edged lower early Tuesday as Wall Street turned cautious ahead of the closely watched November jobs report. Investors pulled back from risk after another weak session for major indexes, led by renewed selling in big artificial intelligence stocks.
As of 4:14 a.m. ET, futures tied to the Dow Jones Industrial Average fell about 0.2%, while S&P 500 futures slipped nearly 0.3%. Nasdaq futures dropped the most, down around 0.45%, reflecting continued pressure on tech shares.
ALSO Read: Global stock markets in turmoil: Japan’s Nikkei, Hong Kong’s Hang Seng, and Korea’s Kospi sink as U.S. stock futures fall before jobs data
Markets are largely in wait-and-see mode. Traders are reluctant to take big positions before key economic data that could shape expectations for interest rates in early 2026.
Wall Street pressured by AI stock sell-off
US stocks closed lower on Monday as profit-taking hit high-flying AI names. Broadcom fell 5.6%, ServiceNow slid 11.5%, and Oracle lost 2.7%. Microsoft also ended lower as investors rotated out of technology and into more defensive sectors such as health care and utilities.
Despite the pullback, the broader market remains on track for a positive year. All 11 S&P 500 sectors are still showing gains in 2025, underscoring the market’s underlying strength.
In pre-market trading, AMC Robotics surged more than 48%, while Presidio Property Trust jumped nearly 32%. On the downside, Tesla eased modestly after recent gains, while Nvidia, Broadcom, and IonQ traded slightly lower as tech sentiment remained fragile.
Top pre-market gainers
AMC Robotics Corporation (AMCI)
Price: $10.75
Change: +3.48
Gain: +47.87%
Volume: 500K
Presidio Property Trust (SQFT)
Price: $5.27
Change: +1.26
Gain: +31.42%
Volume: 305K
B. Riley Financial (RILY)
Price: $4.50
Change: +0.78
Gain: +20.97%
Volume: 67K
Stellantis (STLA)
Price: $12.09
Change: +0.16
Gain: +1.34%
Volume: 34K
Top pre-market losers
Tesla (TSLA)
Price: $470.53
Change: −4.78
Loss: −1.01%
Volume: 45K
IREN Limited (IREN)
Price: $34.79
Change: −0.69
Loss: −1.94%
Volume: 48K
NIO Inc. (NIO)
Price: $4.93
Change: −0.06
Loss: −1.20%
Volume: 44K
Plug Power (PLUG)
Price: $2.17
Change: −0.05
Loss: −2.25%
Volume: 51K
NVIDIA (NVDA)
Price: $175.13
Change: −1.16
Loss: −0.66%
Volume: 84K
IonQ (IONQ)
Price: $45.84
Change: −0.23
Loss: −0.50%
Volume: 30K
BitMine Immersion (BMNR)
Price: $30.85
Change: −0.10
Loss: −0.32%
Volume: 31K
November jobs report seen as key catalyst
The focus now shifts to the November nonfarm payrolls report, due later Tuesday. Economists surveyed by Dow Jones expect payroll growth of about 50,000 jobs, sharply lower than September’s 119,000 increase. The unemployment rate is forecast to tick up to 4.5%, from 4.4% previously.
Investors will also digest October retail sales data and Thursday’s consumer price index (CPI) report, both of which could influence the Federal Reserve’s rate outlook.
Tesla and Ford add to market narrative
Tesla shares closed Monday at a 2025 high, rising 3.6% to $475.31, after executives confirmed testing of driverless cars on Austin roads with no occupants. The stock is now up 17.7% this year.
Meanwhile, Ford Motor announced it will record $19.5 billion in special charges tied to scaling back its all-electric vehicle strategy. The automaker is shifting focus toward hybrids and smaller EVs while reaffirming its 2025 adjusted EBIT guidance of about $7 billion.