US Futures Hover Mixed

2026-06-05 11:39 By Andre Joaquim 1 min. read

Futures tracking US equities were mixed for a second session as a selloff for chip stocks contrasted with gains in traditional sectors of the economy.

Contracts for the S&P 500 inched lower and the Nasdaq 100 fell 1%, while the Dow edged higher to a fresh record.

The lack of progress between the US and Iran consolidated expectations that energy supply will remain tight for longer as domestic fuel inventories dwindle, maintaining inflationary risks.

Still, the incoming jobs report is expected to continue reflecting a strong labor market.

Banks and defensive sectors were higher to support the Dow, with Visa and J&J up more than 2% premarket.

In turn, Broadcom was 2% down to extend the 13% slump from last session after missing guidance estimates, driving broader AI infrastructure stocks to drop.

Micron slumped 4% and Nvidia lost 2%.

Meanwhile, S&P Dow Jones denied the fast entry for SpaceX into its indices ahead of its IPO next week, expected to be the largest in history.



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