Nasdaq Futures Slip as Chip Stocks Extend Slide Ahead of U.S. Jobs Report

Price Action
โดย Barchart·Read original
Summary · why it matters

Nasdaq 100 E-Mini futures are down 0.30% this morning, pointing to further losses after semiconductor stocks led Wall Street lower in the previous session. Chip and AI infrastructure stocks were among the biggest losers in pre-market trading, with Sandisk down over 3% and Micron Technology and Marvell Technology down more than 2%. Sentiment remained dampened by Meta Platforms' plan to sell computing power, which fueled concerns about excess capacity, and news that Apple is in talks to buy chips from two Chinese manufacturers, sparking concerns about intensifying competition. Attention now turns to the release of the key U.S. jobs report, which will provide fresh clues on the path for interest rates. In yesterday's trading session, Wall Street's three main equity benchmarks ended in the red, with KLA Corp. tumbling over 11% and SanDisk plunging more than 10%, while Nebius Group slumped over 17% to lead losers in the Nasdaq 100 and CoreWeave slid more than 13% on a report that Meta Platforms was building a cloud infrastructure business.

Impact on stocks 18

Semiconductors · 3 stocks
Consumer Discretionary · 1 stocks
Energy Transition & Power Demand · 1 stocks
Consumer Staples · 1 stocks
Climate Adaptation & Water · 1 stocks
Spatial Computing / AR/VR · 1 stocks
Defense & Geopolitical Fragmentation · 1 stocks
Electrification & Mobility · 1 stocks
Cloud & Digital Infrastructure · 1 stocks