US Jobs Report and AI Sell-Off Lead Market Concerns

US stock markets suffered major losses on Thursday, driven by a sharp sell-off in AI-related technology shares following the Democratic Party's sweeping election victory, with the Nasdaq 100 falling over 6% in its worst day since 2020. Investors fear increased regulation of artificial intelligence under the new Democratic majority in Congress. Meanwhile, US job creation data for October is due Friday, with a weaker-than-expected report potentially reducing pressure on the Federal Reserve to raise interest rates. In Europe, investors are reacting to EDP's results showing a 25% profit increase to €1.194 billion, while eurozone retail sales are expected to show sluggish growth in September. Oilfield services firm Baker Hughes also releases its weekly rig count report.