The Nasdaq closed in correction territory as post-midterm euphoria quickly gave way to anxiety about AI spending.

It's about 2.5 hours until the opening bell rings at the New York Stock Exchange and investors may be thankful for a relatively undramatic session for stock-index futures so far. The S&P 500 is in line to recover only about 0.

Wall Street's worst session since early 2025 hit semiconductors hardest as midterm-driven regulatory worries rattled investors.