Nasdaq futures explained: why they’re trending

Published 2 November 2026 at 7:01 am · 10 sources · 100+ searches today

Nasdaq futures are trending in India because investors are trying to judge whether the sharp selloff in US technology stocks will continue. As of 2 November 2026, US stock futures were only slightly higher in early Asian trade, offering limited relief after Friday’s losses.

Key facts

30 Oct 2026: Nasdaq 100 fell about 3.4%–3.5%
Nasdaq 100 companies lost over $1 trillion in market value
Philadelphia Semiconductor Index fell 7.2% on Friday
Four hyperscalers may spend up to $828 billion on AI capex
As of 2 Nov 2026, US futures were slightly higher in Asia

What happened

On Friday, 30 October 2026, the Nasdaq 100 fell about 3.4% to 3.5%, its worst daily performance since June, and briefly entered a technical correction. The broader Nasdaq Composite dropped 2.86%, while the S&P 500 fell 1.82%.

The selloff wiped out more than $1 trillion in market value from Nasdaq 100 companies. Semiconductor shares were hit especially hard, with the Philadelphia Semiconductor Index falling 7.2% and Intel suffering its steepest decline in more than four decades.

Why investors are worried

The main concern is that major technology firms are spending huge amounts on AI infrastructure without yet proving enough return from that spending. Four large hyperscalers — Amazon, Alphabet, Microsoft and Meta — were reported to be planning as much as $828 billion in capital expenditure this year.

Recent results and outlooks from Alphabet and Amazon added to worries that rising AI spending could weaken the core businesses funding those investments. Higher interest-rate concerns and disappointing earnings or forecasts have also increased pressure on the AI-led market rally.

Why this matters in India

Indian users are searching for Nasdaq futures because they are a real-time signal for the likely direction of US tech shares before the US market opens. That can affect sentiment in Indian IT stocks, semiconductor-linked names and broader equity markets when local trading begins.

As of 2 November 2026, Asian markets were expected to decline as the technology rout spread globally and investors questioned whether the AI boom had gone too far. The exact impact on Indian shares remains uncertain until US markets open and more futures trading develops.

What to watch next

The key near-term question is whether US stock futures can hold gains after Friday’s slump or whether the decline extends into the next session. Early Asian trading on 2 November showed only limited relief.

Watch the next move in Nasdaq futures, US technology shares, semiconductor stocks and any further guidance from major AI spenders. Those signals are likely to shape risk sentiment in India through the day.

Frequently asked

Why are Nasdaq futures trending in India today?

They are trending because investors are watching whether the recent US technology selloff will continue. Nasdaq futures are a fast signal for where US tech stocks may open, which can influence Indian market sentiment.

What happened to the Nasdaq on 30 October 2026?

The Nasdaq 100 fell about 3.4% to 3.5%, its worst daily drop since June, and briefly entered a technical correction. The Nasdaq Composite fell 2.86% and the S&P 500 lost 1.82%.

Why did tech stocks fall so sharply?

The main concern is heavy AI-related spending by big technology companies without clear returns yet. Recent results and outlooks from Alphabet and Amazon also intensified worries.

How much value was lost in the selloff?

Nasdaq 100 companies lost more than $1 trillion in market value during the selloff. Semiconductor shares were especially weak, and the Philadelphia Semiconductor Index fell 7.2%.

Sources

Researched automatically from live news and written by Simpledot's AI; facts are limited to what the sources above report as of the published time. Spot an error? Tell us.