Stock Market Today: Nvidia Rout Sinks Nasdaq, S&P 500 Futures as Board Weighs Jensen Huang’s Future — CRWV, TTEK, FNV in Focus

U.S. stock futures were mixed on Thursday, as the Dow Jones, S&P 500, and Nasdaq 100 indices diverged, following Wednesday’s higher close.

The U.S. labor market showed a slight uptick in new filings as seasonally adjusted initial jobless claims rose to 200,000 for the week ending Nov. 7, marking an increase of 9,000 from the previous week's revised level. Despite this weekly jump, broader trends remain stable, with the four-week moving average holding unchanged at 195,250. Furthermore, continuing claims for the week ending Oct. 31 declined by 20,000 to 1,697,000, keeping the advance seasonally adjusted insured unemployment rate flat at 1.1%.

Iranian Security Chief Mohsen Rezaee warned on X that if there is “another war against Iran,” U.S. military bases “from West Asia to Europe” would be targets, adding, “NO SAFE DISTANCE. NO SAFE HAVEN. NO IMMUNITY.”

Iran’s Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf said in an Al Jazeera interview that the Strait of Hormuz would “never return” to its pre-war status and argued that maritime regulations fall under Iranian and Omani laws rather than international rules. Reuters reported that Iran attacked navigation infrastructure on Oman’s Didamar island, and Reuters also reported 37 vessel attacks in October.

Meanwhile, the 10-year Treasury bond yielded 4.99%, and the 2-year Treasury bond yielded 4.76%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 92.8% likelihood of the Federal Reserve hiking interest rates after its December meeting.

The SPDR S&P 500 ETF Trust (NYSE: SPY), the Invesco QQQ Trust ETF (NASDAQ: QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA), which track the S&P 500 index, Nasdaq 100 index and Dow Jones Industrial Average, respectively, were mixed in premarket trading on Thursday. The SPY was down 0.86% at $753.28, the QQQ declined 1.48% to $680.14, and the DIA fell 0.51% to $521.75.