U.S. futures are mixed in pre-market trading with a notable downturn in technology shares, reflecting a cautious tone across global markets. Investors are squarely focused on the upcoming Employment Situation report, which will be a key driver for today's session.
Stocks to Watch:
- Broadcom Inc. shares plunged 12.6% after its guidance for AI chip targets remained unchanged, disappointing high investor expectations despite beating Q2 estimates.
- Lululemon Athletica Inc. shares plummeted 12% pre-market after cutting its fiscal 2026 full-year sales outlook, citing ongoing headwinds.
- Micron Technology, Inc. fell 7.7% in sympathy with Broadcom's disappointing AI outlook, impacting the broader semiconductor sector.
Looking ahead, the jobs report at 8:30 AM ET is the primary event to monitor. The market's reaction to the data will likely set the trading tone for the day.