Dow Jones | Nasdaq | Stock Market Live: US stock futures trade mixed as Qualcomm's weak chip sales outlook weighs on Nasdaq, while Dow and S&P 500 futures extend gains after Wednesday's rally. AI infrastructure stocks remain under pressure, while investors track oil prices, Federal Reserve commentary and Friday's US jobs report.
US Stock Market Live Updates: Nasdaq futures slip as Qualcomm tumbles 10%; Dow, S&P 500 gain
In short
Futures linked to the Dow Jones Industrial Average and the S&P 500 pushed higher, building upon gains achieved during a Wednesday rally. Meanwhile, tech contracts faced headwinds after Qualcomm issued a disappointing sales forecast for its chips. Artificial intelligence infrastructure stocks also encountered renewed pressure across the trading floor. Investors now await further direction from fluctuating energy markets, scheduled remarks by Federal Reserve officials, and the critical U.S. employment report on Friday.
Key points
- Sector divergence is widening as semiconductor and artificial intelligence names weigh on…: Sector divergence is widening as semiconductor and artificial intelligence names weigh on tech contracts.
- Broader market indices maintain positive momentum despite the sharp individual drag from…: Broader market indices maintain positive momentum despite the sharp individual drag from chipmakers.
- Upcoming macroeconomic data including oil trends and jobs figures will dictate the market…: Upcoming macroeconomic data including oil trends and jobs figures will dictate the market's near-term trajectory.