Pre-Market Report, Nov 6: Nasdaq 100 Futures Rebound, Jobs Data Out

Stock futures point to a higher open, led by a sharp rebound in technology shares after Thursday's selloff. Nasdaq 100 futures are up 1.41% to 27,130.50, while S&P 500 futures add 0.14% to 7,393.50 and Russell 2000 futures rise 0.24% to 2,741.90. The VIX, a measure of expected market volatility, is down 2.31% to 27.53, suggesting some easing of the prior session's stress. West Texas Intermediate crude oil trades at $91.20 a barrel, up 0.75%, gold is down 0.99% to $4,072.60 an ounce, and bitcoin is little changed at $75,626, off 0.47%.

The biggest S&P 500 moves

Airbnb is up sharply before the open after its third-quarter results. TechCrunch reported the company disclosed plans to roll out an artificial intelligence travel assistant sometime in 2027, giving more detail on how it would work compared with a standard chatbot. Separately, Business Insider reported chief executive Brian Chesky told investors on the earnings call that AI agents from other companies, including Meta's offerings, are generating very little booking activity for Airbnb so far, and that he sees them as a way for more people to discover the platform rather than a threat.

Lam Research is also among the day's biggest gainers. CNBC's Jim Cramer discussed the stock on his program, noting that despite its pullback from recent highs he would only buy a small position given the risk of further downside.

Bloom Energy is higher today after a steep drop a day earlier; MarketWatch reported Thursday's decline was tied to investor worry that data-center construction could slow following the midterm elections, while Benzinga noted the shares were trading well below their short- and medium-term moving averages, a sign of a weaker trend.

Sandisk and Lumentum are also among the top gainers before the open, though no source in our data explains the moves.

On the downside, Axon Enterprise is falling after its quarterly report. Benzinga reported the drop followed a revenue miss and the company's forward guidance, along with news of additional investment in drone company Skydio.

Charter Communications is also lower today after reporting third-quarter results. Monster Beverage is down as well; the Wall Street Journal reported the company's third-quarter profit actually rose on stronger international sales, even as the stock fell in trading. American Tower and Cognizant round out the day's decliners, with no source in our data explaining those moves.

On the calendar today

Several labor-market reports have already been released this morning: the U-6 unemployment rate, the headline unemployment rate, total non-farm payrolls, and private non-farm payrolls, all for October. Results from these releases were not available at the time of this report.

Still ahead today is the University of Michigan's Consumer Sentiment index for November, due at 10:00 AM ET, with economists expecting a reading of 48, matching the prior month. Later in the afternoon, the Commodity Futures Trading Commission (CFTC) will release its weekly speculative positioning data for crude oil and the S&P 500 at 2:30 PM ET.

All six S&P 500 companies scheduled to report earnings today have already done so. Franklin Resources (BEN) posted earnings per share (EPS) of $0.94, beating estimates of $0.77. Charter Communications (CHTR) reported a loss of $20.50 per share versus an expected profit of $8.90. Humana (HUM) posted a smaller-than-expected loss of $0.70 per share against an estimated loss of $1.00. Moderna (MRNA) reported EPS of $0.38, well above the expected loss of $1.10. PPL Corporation (PPL) posted $0.54 per share versus an estimate of $0.53, and Vistra (VST) reported $3.01 per share against an estimate of $2.98.

The latest graded results

In the latest graded recap, covering names screened before the open on Thursday, November 5, 2026, EPAM rose nearly 11.4% before the open and reached a best intraday gain of just over 10% after the open, while closing flat from the open. Unity Software (U) gained about 18.5% before the open and added roughly 1.6% from the open to the close, while AppLovin (APP) jumped nearly 20.7% before the open and rose about 1.8% further by the close.

The biggest S&P 500 moves

Airbnb is up sharply before the open after its third-quarter results. TechCrunch reported the company disclosed plans to roll out an artificial intelligence travel assistant sometime in 2027, giving more detail on how it would work compared with a standard chatbot. Separately, Business Insider reported chief executive Brian Chesky told investors on the earnings call that AI agents from other companies, including Meta's offerings, are generating very little booking activity for Airbnb so far, and that he sees them as a way for more people to discover the platform rather than a threat.

Lam Research is also among the day's biggest gainers. CNBC's Jim Cramer discussed the stock on his program, noting that despite its pullback from recent highs he would only buy a small position given the risk of further downside.

Bloom Energy is higher today after a steep drop a day earlier; MarketWatch reported Thursday's decline was tied to investor worry that data-center construction could slow following the midterm elections, while Benzinga noted the shares were trading well below their short- and medium-term moving averages, a sign of a weaker trend.

Sandisk and Lumentum are also among the top gainers before the open, though no source in our data explains the moves.

On the downside, Axon Enterprise is falling after its quarterly report. Benzinga reported the drop followed a revenue miss and the company's forward guidance, along with news of additional investment in drone company Skydio.

Charter Communications is also lower today after reporting third-quarter results. Monster Beverage is down as well; the Wall Street Journal reported the company's third-quarter profit actually rose on stronger international sales, even as the stock fell in trading. American Tower and Cognizant round out the day's decliners, with no source in our data explaining those moves.

On the calendar today

Several labor-market reports have already been released this morning: the U-6 unemployment rate, the headline unemployment rate, total non-farm payrolls, and private non-farm payrolls, all for October. Results from these releases were not available at the time of this report.

Still ahead today is the University of Michigan's Consumer Sentiment index for November, due at 10:00 AM ET, with economists expecting a reading of 48, matching the prior month. Later in the afternoon, the Commodity Futures Trading Commission (CFTC) will release its weekly speculative positioning data for crude oil and the S&P 500 at 2:30 PM ET.

All six S&P 500 companies scheduled to report earnings today have already done so. Franklin Resources (BEN) posted earnings per share (EPS) of $0.94, beating estimates of $0.77. Charter Communications (CHTR) reported a loss of $20.50 per share versus an expected profit of $8.90. Humana (HUM) posted a smaller-than-expected loss of $0.70 per share against an estimated loss of $1.00. Moderna (MRNA) reported EPS of $0.38, well above the expected loss of $1.10. PPL Corporation (PPL) posted $0.54 per share versus an estimate of $0.53, and Vistra (VST) reported $3.01 per share against an estimate of $2.98.

The latest graded results

In the latest graded recap, covering names screened before the open on Thursday, November 5, 2026, EPAM rose nearly 11.4% before the open and reached a best intraday gain of just over 10% after the open, while closing flat from the open. Unity Software (U) gained about 18.5% before the open and added roughly 1.6% from the open to the close, while AppLovin (APP) jumped nearly 20.7% before the open and rose about 1.8% further by the close.