Nasdaq futures are rebounding after the tech-heavy index posted its worst day in 19 months amid post-election concerns about a slowdown in data-center construction. U.S. employment far exceeded expectations in October, with payrolls rising by 165,000 versus 59,000 expected and unemployment falling to 4.1%, increasing the perceived probability of a December Federal Reserve rate hike to 75%. Iren surged 16% after beating revenue estimates and lowering its capital-spending outlook, while Airbnb gained about 14% following better-than-expected quarterly results and raised guidance. Moderna rose nearly 3% after lifting its 2026 outlook, but DraftKings fell more than 25% on weak revenue and a larger-than-expected adjusted loss. Elanco also beat estimates and raised guidance, while Eli Lilly expanded its partnership with Hims & Hers around Zepbound and Foundayo.
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