United States stock futures rose late on Sunday, pointing to a steadier start on Monday after a bruising week in which doubts over artificial intelligence spending hammered technology shares.

As of 10.11pm Eastern Time on Sunday, Dow futures had gained 0.71%, while S&P 500 futures were up 0.61% and Nasdaq-100 futures had risen 0.62%. The move followed a mixed close on Friday, when investors returned cautiously to semiconductor shares.

Friday's mixed close

On Friday, the Nasdaq Composite gained 1.09% to close at 24,579.42, while the S&P 500 advanced 0.31% to 7,376.86. The Dow Jones Industrial Average fell 237.33 points, or 0.46%, to 51,285.73.

The recovery came a day after Thursday's steep losses, when the Nasdaq plunged 5.5%, the S&P 500 dropped 4.4% and the Dow shed more than 1,800 points, marking the benchmarks' worst session since April 2025. For the week, the Nasdaq declined 3.4%, the S&P 500 fell 2.7% and the Dow slipped 0.9%.

Jobs data helped the rebound

Friday's rally was helped by the October jobs report, which came in well above estimates. Small-cap shares led the gains, with the Russell 2000 index of smaller companies rising, although large-cap indices gave up much of their early advance during the session.

Investors will now watch whether the futures gains hold into Monday's cash session, and whether chipmakers including Nvidia and AMD, which were in focus overnight, can build on Friday's partial recovery. Reuters also reported that futures were pointing to a further advance as AI-related jitters calmed.

With Veterans Day on Wednesday, when some markets will be closed, traders face a shortened week to judge whether the sell-off has run its course.