US Futures Slip Ahead of Key Jobs Data

US stock futures declined on Friday as investors awaited the release of the May employment report for fresh insight into labor market conditions and the likely path of Federal Reserve policy. Uncertainty also lingered on Wall Street as the fragile ceasefire between the US and Iran held amid reports of stalled negotiations, despite President Donald Trump’s insistence that talks are nearing completion. On the corporate front, shares of Lululemon Athletica tumbled more than 11% in extended trading after the athleisure retailer cut its full-year earnings and revenue forecasts. During Thursday’s regular session, the Dow Jones surged 1.73% to a fresh record high, led by gains in healthcare and financial stocks. The S&P 500 advanced 0.41%, while the tech-heavy Nasdaq Composite slipped 0.09% as a weak outlook from Broadcom weighed on AI-related shares.

The Dow Jones Index went up by 875 points or 1.73 percent on Thursday to close at 51562 points. The rise was led by UnitedHealth (5.36%), Goldman Sachs (4.98%) and Merck (4.86%).

The Dow Jones surged 875 points on Thursday to close at a record high, while the S&P 500 gained 0.4%. The Nasdaq underperformed, edging 0.1% lower as investors rotated out of technology stocks and into other sectors. Health care, financials, communication services, and real estate led the market higher. Notable gainers included JPMorgan Chase (+3.3%), Visa (+2.5%), Johnson & Johnson (+4.6%), UnitedHealth Group (+5.2%), and Goldman Sachs (+4.9%). In contrast, tech stocks were the weakest performers. Broadcom plunged 12.6% as its forecast for AI-chip revenue fell short of most expectations. Advanced Micro Devices and Micron Technology also declined, falling 3.6% and 7.7%, respectively. Meanwhile, investors continued to monitor developments in the Middle East. Reports of a conditional ceasefire between Israel and Lebanon raised hopes that a broader agreement involving Iran could be reached, contributing to a decline in oil prices.