US Futures Decline as Tech Earnings Disappoint

2026-06-04 00:05 By Jam Kaimo Samonte 1 min. read

US stock futures moved lower on Thursday as disappointing earnings from major technology companies pressured market sentiment.

In after-hours trading, Broadcom sank nearly 14% after reporting fiscal second-quarter revenue below expectations, while cybersecurity firm CrowdStrike dropped more than 11% following soft second-quarter sales guidance.

The weakness spread across the tech sector, with Intel (-2%), AMD (-2.9%), Palantir (-1.5%), Qualcomm (-1.9%), and Arm Holdings (-4.3%) also posting notable losses.

Investors were also assessing heightened geopolitical risks after fresh exchanges of strikes between the US and Iran, undermining hopes for a peace deal and stoking concerns about inflation and higher interest rates.

In Wednesday’s regular session, the Dow fell 1.21%, the S&P 500 lost 0.74%, and the Nasdaq Composite declined 0.89%.

Six of the 11 S&P sectors closed lower, led by technology, financials, and consumer discretionary stocks.



News Stream
US Futures Decline as Tech Earnings Disappoint
US stock futures moved lower on Thursday as disappointing earnings from major technology companies pressured market sentiment. In after-hours trading, Broadcom sank nearly 14% after reporting fiscal second-quarter revenue below expectations, while cybersecurity firm CrowdStrike dropped more than 11% following soft second-quarter sales guidance. The weakness spread across the tech sector, with Intel (-2%), AMD (-2.9%), Palantir (-1.5%), Qualcomm (-1.9%), and Arm Holdings (-4.3%) also posting notable losses. Investors were also assessing heightened geopolitical risks after fresh exchanges of strikes between the US and Iran, undermining hopes for a peace deal and stoking concerns about inflation and higher interest rates. In Wednesday’s regular session, the Dow fell 1.21%, the S&P 500 lost 0.74%, and the Nasdaq Composite declined 0.89%. Six of the 11 S&P sectors closed lower, led by technology, financials, and consumer discretionary stocks.
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US equity indices fell from records on Wednesday amid fresh escalation to the war in the Middle East a THe S&P 500 closed 0.7% lower while the Nasdaq 100 fell 0.9% and the Dow dropped 619 points. The US and Iran exchanged strikes and GCC states were targeted, straining the ceasefire and prolonging the naval blockades that prevent energy from the region to be exported. Oil and fuel prices rose further, driving yields to rise across the curve. Expectations of a hawkish Federal Reserve were further validated by a strong ADP report and ISM Services PMI, with the price gauge rising to a near four-year high. Software majors were sharply lower with Oracle and Palantir dropping over 5% while Microsoft dropped 3%. Meanwhile, Blackstone and KKR sank 4% each to set the pace for asset managers. Broadcom sank 8% in afterhour trading after it missed quarterly revenue expectations and delivered a lower guidance than expected. Crowdstrike dropped 7% after posting their results.
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