US Futures Edge Lower after NFP

2026-06-05 12:48 By Andre Joaquim 1 min. read

Futures tracking US equities inched down on Friday after a strong jobs report consolidated the outlook of restrictive interest rates, while chip producers extended their selloff.

Contracts for the S&P 500 and the Nasdaq 100 fell 0.5% and 1.3%, respectively, while the Dow hovered near the flatline at a record high.

The US added a net 172K jobs in May, well above estimates.

Markets increased bets of a rate hike by the Fed this year as a strong labor market adds leeway for the Fed to fight inflationary risks as the standstill between Iran and the US maintain the surge in energy prices.

Banks and defensive stocks pared premarket gains but remained in the green to support the Dow, with Visa and J&J gaining less than 1%.

In turn, Broadcom was 2% down to extend the 13% slump from last session after missing guidance estimates.

Micron slumped 4% and Nvidia lost 2%.

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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