S&P 500 futures are on the run as Advanced Micro Devices ( NASDAQ: AMD) leads the tech pivot higher. Last checked, the S&P 500 is up about 24 points. The SPDR S&P 500 ETF ( SPY) is up about $2.35. Dow futures are up 105, with the tech-heavy Nasdaq up about 152.

Futures for the Dow Jones Industrial Average and the other major stock indexes traded sharply lower in premarket action as the heavy selling continued on Wall Street Friday. Among the early losers on the stock market today were Nvidia NVDA and Tesla TSLA, both of which also threatened to extend Thursday's deep losses.

The FTSE 100 (^FTSE) and European stocks followed Wall Street and Asia lower as markets opened on Friday, selling off as a global aversion to risk grips markets and Rachel Reeves appeared to U-turn on plans to hike income tax.

Valentin Marinov, head of G10 FX strategy at Credit Agricole CIB, said that any changes in Starmer and Chancellor Rachel Reeves’s political fortunes could shake the “hard-won investors confidence” in the UK’s commitment to fiscal stability, and undermine sterling-denominated assets.

The Dow Jones index fell Thursday, following a record high in the previous session after news of the U.S. government shutdown ending.

Pine Labs IPO listing date is today, November 14, and the equity shares will be listed on both the stock exchanges, BSE and NSE. Ahead of share listing, Pine Labs IPO GMP today and analysts signal a muted debut of shares in the Indian stock market.

The Federal Reserve's interest rate-setting body is expected to announce a 25 basis point cut and provide guidance on the trajectory of its balance sheet Wednesday afternoon.

Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.