US Futures Edge Lower Ahead of Jobs Report

2026-07-01 23:50 By Jam Kaimo Samonte 1 min. read

US stock futures edged lower on Thursday as investors remained cautious ahead of the June jobs report, which is expected to provide fresh clues about labor market conditions and the Federal Reserve’s interest rate outlook.

Data released on Wednesday showed private-sector hiring slowed more than expected last month.

Fed Chair Kevin Warsh also said inflation expectations had eased over the past month while reaffirming the central bank’s commitment to restoring price stability.

In regular trading on Wednesday, the tech-heavy Nasdaq Composite fell 0.66% as investors reassessed the durability of the AI-driven rally, while the S&P 500 and Dow Jones lost 0.22% and 0.03%, respectively.

Chipmakers and memory stocks led the decline, with steep losses from Micron Technology (-10.6%), Sandisk Corp (-10.6%), AMD (-6.9%), Intel (-9%), and Applied Materials (-10%).



News Stream
US Futures Edge Lower Ahead of Jobs Report
US stock futures edged lower on Thursday as investors remained cautious ahead of the June jobs report, which is expected to provide fresh clues about labor market conditions and the Federal Reserve’s interest rate outlook. Data released on Wednesday showed private-sector hiring slowed more than expected last month. Fed Chair Kevin Warsh also said inflation expectations had eased over the past month while reaffirming the central bank’s commitment to restoring price stability. In regular trading on Wednesday, the tech-heavy Nasdaq Composite fell 0.66% as investors reassessed the durability of the AI-driven rally, while the S&P 500 and Dow Jones lost 0.22% and 0.03%, respectively. Chipmakers and memory stocks led the decline, with steep losses from Micron Technology (-10.6%), Sandisk Corp (-10.6%), AMD (-6.9%), Intel (-9%), and Applied Materials (-10%).
2026-07-01
The Dow Jones Index Closes 0.06% Higher
The Dow Jones Index rose 31 points or 0.06 percent on Wednesday to close at 52350 points. Leading the gains are Nike (5.07%), Salesforce (4.56%) and Microsoft (3.05%). Top losers were Caterpillar (-6.77%), Walmart (-3.88%) and Merck (-2.44%).
2026-07-01
US Stocks Drop as Chipmakers Sink
US equity indices closed lower on Wednesday as investors reassessed the sustainability of the AI-driven rally. The S&P 500 fell 0.2%, while the Nasdaq 100 dropped 1.5%, pressured by a sharp selloff in semiconductor stocks. Major chipmakers led the decline as concerns persisted that AI-related investments may have become overstretched. Micron Technology plunged 10.6%, while AMD lost 6.9% and Intel dropped 9%. In contrast, Meta surged 8.8% after announcing plans to develop a cloud business aimed at monetizing excess AI computing capacity. Other hyperscalers within the Magnificent Seven extended their rebound, with Microsoft rising 3%, Amazon gaining 1.4%, and Alphabet up 1.1%. Meanwhile, the Dow Jones closed near flat as non-tech sectors outperformed. Data showed US manufacturing activity expanded for a sixth straight month, while input cost pressures eased. Also, Fed Chairman Warsh noted that inflation risks are decreasing, limiting the need for an urgent hawkish response by the Fed.
2026-07-01