US Market Update

US stock futures remained under pressure for the second straight session as the record-breaking rally in technology stocks came to a halt following a disappointing outlook from Broadcom. Futures for the S&P 500 dipped 0.4%, while those for the Dow Jones Industrial Average dropped 0.3%. In Wednesday’s regular session, the Dow fell 1.21%, the S&P 500 lost 0.74%, and the Nasdaq Composite declined 0.89%. Broadcom, which added nearly $150 billion in market value just this week, slumped 13% in US premarket trading after its forecast for artificial intelligence semiconductor revenue in the current quarter fell short of market expectations.