Dow futures rose 0.70% while Nasdaq 100 futures fell 0.53%, leaving the premarket split after Wednesday's rally.
CAMS Morning Market Brief.
Thursday, November 5, 2026.
Good morning.
Dow futures rose 0.70% while Nasdaq 100 futures fell 0.53%, leaving the premarket split after Wednesday's rally.
S and P 500 futures gained 0.17% in the six twenty-two Eastern snapshot.
Chip and data-center shares stayed under pressure as investors weighed tougher scrutiny of the buildout.
Qualcomm dropped 10.1% before the bell after smartphone chip sales missed Wall Street estimates.
UBS estimated that about 30% of expected 2028 data-center additions could be affected by pauses.
Wednesday's cash rally had 8 of 11 sector funds higher, with advancers leading on both exchanges.
The 10-year Treasury yield was 4.88%, and the V I X was 16.83.
West Texas Intermediate traded near $89, while gold rose 1.79% to about $4,146.
Reuters linked oil's sharp repricing to hopes that escalation in the Iran war would ease.
Reuters said at least three Federal Reserve officials are scheduled to speak today.
At eight thirty Eastern, B L S releases preliminary third-quarter productivity and costs.
Weekly jobless claims are also due this morning.
Friday's October employment report arrives at eight thirty Eastern.
Costco said October net sales rose 12.6% to $24.50 billion.
The opening test is whether chip weakness stays contained while lower oil and yields support the broader tape.
Market analysis, not personalized investment advice.
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