Market sentiment - 11/04/2025

U.S. stock futures are down meaningfully ahead of the open. The S&P 500 futures, Dow Jones Industrial Average futures and Nasdaq‑100 futures are all lower, reflecting investor caution.

Investopedia

One major headwind: senior executives at major Wall Street banks (including Goldman Sachs and Morgan Stanley) are warning of a possible market correction of 10 % or more in the next 18-24 months, which is dampening risk appetite.

There’s also a broader pull-back in the tech sector, which had led much of the recent rally—this raises concerns about valuation and sustainability of the AI-driven surge.