Futures Split As Blue-Wave Chip Purge Enters Day Two; Oil Rebounds, BoE Hikes

Summary

Futures Split As Blue-Wave Chip Purge Enters Day Two; Oil Rebounds, BoE Hikes US futures are mixed, with the Nasdaq lagging as the post-midterm rotation out of chipmakers and the AI complex enters a second day, after the Democratic sweep raised fears of a data center backlash, Qualcomm tumbled on a weak forecast and the Kospi crashed almost 6%, while oil rebounded modestly from Wednesday's plunge and the BoE hiked rates for the first time in three years; as a result the 10Y yield touched 4.83%, the lowest since Sept. 10. As of 6:20am ET, S&P futures are 0.1% higher while Nasdaq futures are…

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