Invezz
05 Jun 2026, 11:09 UTC · 4h ago
Nasdaq futures plunge 300 points: 5 things to know before Wall Street opens
Invezz
05 Jun 2026, 11:09 UTC · 4h ago
Story key points
3 claims · impact-rated
Major AI chipmakers, including Nvidia, Intel, Micron, AMD, and Broadcom, are seeing significant premarket declines ranging from 1.5% to 3.8%. — A synchronized pullback in high-weight AI semi stocks often signals a momentum rollover for the broader Nasdaq and tech sector.
-0.80Lululemon cut its annual profit forecast and provided Q2 guidance below analyst estimates. — Negative guidance from a major discretionary brand indicates weakening consumer demand, which pressures retail and consumer staples.
-0.60Nasdaq 100 futures fell 1.02% and S&P 500 futures fell 0.49% ahead of the May employment report. — Broad index weakness reflects heightened risk aversion and uncertainty regarding the Fed's next move based on upcoming jobs data.
-0.40Ticker attribution
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The company cut its annual profit forecast and provided weak guidance for Q2.
The stock is listed as dropping in premarket trading during a momentum rollover.
The stock is listed as dropping in premarket trading during a momentum rollover.
The stock is listed as dropping in premarket trading during a momentum rollover.
The stock is listed as dropping in premarket trading during a momentum rollover.
The article advises selling due to profit-taking and premarket declines.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
[mutual] Both are categorized as semiconductor/chipmakers competing in the AI chip market.
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