(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)

US equity futures were mixed pre-bell Friday as traders bought the dip in chip stocks following the post-election technology stock rout on Thursday that sent the Nasdaq Composite into correction territory.

Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 1.4% higher.

The tech-heavy Nasdaq Composite receded 5.5% to 24,315.00 at the market close on Thursday as traders expect a slowdown in the data center buildout after the Democrats' victory in the US midterm elections. The S&P 500 also sank 4.4% to 7,353.73, while the Dow Jones Industrial Average slumped 3.4% to 51,523.06.

Democrats are set to launch a flood of new legislation targeting artificial intelligence systems and data-center development when they take control of the US Congress in January, Reuters reported, citing lawmakers, congressional aides and advocates.

Traders also observed the latest round of earnings, with Enbridge (ENB) reporting higher Q3 adjusted earnings and revenue, and Moderna (MRNA) swinging to earnings and posting higher revenue for Q3.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.3% at $98.60 per barrel and US West Texas Intermediate crude 0.5% higher at $91.01 per barrel.

The October national unemployment rate was reported at 4.1%, down from 4.2% in the prior month and below expectations of 4.2%, according to estimates compiled by Bloomberg.

The University of Michigan consumer sentiment index for November, slated for 10 am ET, is expected at remain unchanged at 48.0.

Federal Reserve New York President John Williams, St. Louis Fed President Alberto Musalem, and Fed Vice Chair for Supervision Michelle Bowman are the Fed speakers on Friday.

In other world markets, Japan's Nikkei closed 6% lower, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 1.1% lower. Meanwhile, the UK's FTSE 100 was down 2%, and Germany's DAX index was 2.3% lower in Europe's early afternoon session.

In equities, stocks of Micron Technology (MU) and Advanced Micro Devices (AMD) were up 7.2% and 7.8%, respectively, as part of a broader upswing in the technology sector. Airbnb (ABNB) shares jumped more than 14% after the company reported a stronger-than-expected increase in Q3 earnings and revenue.

On the losing side, Novartis (NVS) stock was down 1.3% after a Bloomberg report that two tumor cases were linked to the company's Zolgensma gene therapy, which treats spinal muscular atrophy, a rare genetic disease that causes progressive muscle weakness. Monster Beverage (MNST) shares dropped 5.4% after the company posted Q3 adjusted earnings in line with analysts' consensus. Natera (NTRA) stock declined more than 16% after the company reported its Q3 financial results.