AI wipeout in focus; U.S. employment data ahead - what’s moving markets

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Investing.com - Futures linked to the main U.S. stock indices are mixed, with the Nasdaq contract holding on to gains, as investors look to pick up the pieces from a massive artificial intelligence-driven wipeout sparked by the Democrats' election win earlier this week. Shares of Tesla and SpaceX drop, shaving estimated billions of dollars from their market value and boss Elon Musk's personal fortune. Major investors are now beginning to question whether Anthropic could go public at a $1.5-trillion valuation, while key U.S. jobs data looms large. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » 1. Futures subdued after AI rout U.S.