Dow, S&P 500, Nasdaq Futures Wobble After Brutal Sell-Off, With Key Jobs Report on Deck

Image source: Lummi

US stock futures attempted to stabilize on Friday after a post-election rally turned into an artificial intelligence trade meltdown, sending tremors through markets. Investors also braced for the October jobs report.

Futures on the Dow Jones Industrial Average (YM=F) fell 0.7%, while those on the S&P 500 (ES=F) rose 0.3%. Contracts for the Nasdaq-100 (NQ=F) rose 1% after the tech-heavy index slipped into a correction on Thursday.

The major indexes were on track to post substantial losses during the volatile election week that saw the Democrats retake the House and Senate. At the center of Wednesday's deep sell-off, which erased $2.3 trillion in market value, were concerns about a slowdown in data center construction and AI spending.

The sell-off hit chip stocks like Nvidia (NVDA), Micron (MU), AMD (AMD), and Sandisk (SNDK) most directly, but also spilled into broader markets, sending the VIX Volatility Index (^VIX) up 70% to 28.

Oil prices have also been in play, with global benchmark Brent crude (BZ=F) and WTI crude (CL=F) futures falling below $100 per barrel. Energy traders continue to assess the outlook for the war in the Middle East, with the potential for a reescalation weighing on sentiment.

Not to be overshadowed, the Labor Department will release its monthly jobs report at 8:30 a.m. ET, providing an update on the health of the labor market. All signs point to a largely stable jobs environment, and economists expect that the US added 65,000 jobs in October. Yahoo Finance reports.

☁️ Why Cloudflare Shares Are Trading Higher by Around 15%

Shares of Cloudflare, Inc. (NYSE: NET) rose sharply in premarket trading after the company reported better-than-expected third-quarter financial results.

Cloudflare reported third-quarter revenue of $782.513 million, up 39% year-over-year. The revenue total beat the Street consensus of $738.532 million, according to data from Benzinga Pro. The company reported earnings of 38 cents per share for the quarter, beating the Street consensus estimate of 34 cents per share.

Cloudflare shares jumped 14.6% to $281.00 in premarket trading. Benzinga reports.

🤖 JFrog (FROG) Q3 2026 Earnings: Cloud Revenue Surges 60% as AI and Security Demand Accelerates

JFrog Ltd. (FROG) reported third-quarter 2026 revenue of $179.2 million, up 31% year-over-year and exceeding the high end of its guidance. Cloud revenue grew 60% year-over-year, accounting for 57% of total revenue.

The company's net dollar retention rate improved to 124%, up 6 percentage points from the previous year. The number of customers with over $1 million in annual recurring revenue (ARR) increased 68% to 112, while remaining performance obligations (RPO) rose 60% to $812 million.

Despite strong cloud performance, self-managed revenue grew just 6% year-over-year. Gross margin declined slightly to 83.6% from 83.9% in the prior-year period, while operating expenses increased 22%.

During the earnings call, CEO Shlomi Ben-Haim highlighted growing demand for AI-related data storage, software security, and governance solutions. He noted that customers are expanding their use of JFrog's platform and committing to longer-term contracts. Yahoo Finance reports.

💊 Eton Q3 Earnings Call Highlights Growth and Pipeline Expansion

Eton Pharmaceuticals, Inc. (ETON) highlighted accelerating rare disease product sales, expanding profitability, and substantial pipeline progress during its third-quarter 2026 earnings call. Management raised its full-year outlook after exceeding a key long-term revenue milestone ahead of schedule.

The discussion centered on HEMANGEOL's commercial performance, upcoming product launches, and opportunities to expand into pediatric neurology. Executives also addressed clinical development uncertainties and their approach to future acquisitions.

Third-quarter revenue of $57.9 million beat the Zacks Consensus Estimate of $42.2 million. GAAP earnings reached $1.06 per share, surpassing the Zacks Consensus Estimate of 34 cents. Yahoo Finance reports.

🧬 Biodesix Stock Crashes Nearly 30% After Q3 Revenue Miss, Slashes 2026 Outlook

Biodesix Inc. (NASDAQ: BDSX) shares fell 29.44% to $14 in after-hours trading Thursday after the company reported third-quarter 2026 financial results and lowered its full-year revenue guidance to between $101 million and $103 million.

Biodesix is a diagnostic solutions company that develops tests to support clinical decisions for patients with lung disease and provides development services to biopharmaceutical and life sciences companies.

Biodesix reported third-quarter 2026 revenue of $24 million, up 10% year-over-year but below the analyst estimate of $27.44 million, representing a 12.4% miss. Non-GAAP earnings per share showed a loss of $0.75, matching the estimate.

Diagnostic Testing revenue rose 16% to $23 million, while test volumes increased 24% to approximately 19,400. Development Services revenue declined to $1 million from $1.9 million a year earlier, reflecting the timing of project completion and revenue recognition. Benzinga reports.

🌐 RedCloud (RCT) Stock Jumps Over 38% After Hours

RedCloud Holdings plc (NASDAQ: RCT) shares climbed 38.33% to $0.042 in after-hours trading on Thursday after the London-based technology company and B2B open commerce platform announced a new integration agreement in Argentina.

The company said its Argentine distribution partner, Picking Up!, signed an integration deal with an operator of an enterprise resource planning (ERP) system.

ERP software manages a company's inventory, orders, pricing, and accounting in one place. According to RedCloud, the system is used by more than 200 fast-moving consumer goods (FMCG) distributors in Argentina. Benzinga reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) CIIT: Tianci International, Inc.
Total gain: +47.74%

2) VSA: VisionSys AI Inc.
Total gain: +31.82%

3) FROG: JFrog Ltd.
Total gain: +22.49%

4) NET: Cloudflare, Inc.
Total gain: +20.15%

5) ETON: Eton Pharmaceuticals, Inc.
Total gain: +20.32%

The closing price of the top three market percent gainers trading near or above $2 on Nov 5.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) AEHL: Antelope Enterprise Holdings Limited
Total gain: +178.15%

The stock appeared to be moving on no notable news.

2) INM: InMed Pharmaceuticals Inc.
Total gain: +50.97%

The company announced that, subject to the satisfaction or waiver of the remaining closing conditions under the agreement and plan of merger and reorganization dated May 19, 2026 (as amended, the "Merger Agreement"), among the Company, Mentari Therapeutics, Inc., a Delaware corporation ("Mentari"), Indigo Merger Sub Corp. and Indigo Merger Sub II, LLC, the Company's previously announced merger with Mentari (the "Merger") is expected to close on November 6, 2026. TMX reports.

3) DNUT: Krispy Kreme, Inc.
Total gain: +30.68%

The company reported financial results for the third quarter ended September 27, 2026, with net revenue of $328.8 million, down 12.4% year-over-year, reflecting previously announced refranchising deals. Systemwide sales increased 1.0% in constant currency to $490.2 million, while GAAP net loss improved by $6.8 million to $13.3 million. Businesswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

MRNA

Moderna

Q3 2026

Before Market Open

Estimate: -1.220

Actual: 0.380

VOGX

Vogenx

Q3 2026

Before Market Open

Estimate: -0.090

Actual: -0.470

AQN

Algonquin Power

Q3 2026

Before Market Open

Estimate: 0.100

Actual: 0.110

Time (ET) / Report / Period

• 4:30 AM / Fed speech: New York Fed President John WIlliams in Germany
• 8:30 AM / Employment Report / Oct.
• 8:30 AM / Unemployment Rate / Oct.

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