Markets.News

US stock futures lower, ending 3-day winning streak. Nvidia, Cisco, CoreWeave see growth. Marked declines in tech, anticipated Fed interest rates, premarket values down. Key indices: Dow Jones -0.42%, S&P 500 -0.81%, Nasdaq 100 -0.63%, Russell 2000 -0.35%. Treasury bonds at 4.50% and 4.03%. Trading ETFs SPY down 0.68%, QQQ down 0.87%. Positive during last session, Dow up 2%, Nasdaq up 6%, S&P 500 up 4% for the week, notably Nvidia and AMD surges. U.S. mortgage applications up by 1.1%.

U.S. stock futures were lower on Thursday after a positive close on Wednesday, driven by tech stocks like Nvidia Corp. (NASDAQ: NVDA) and strong earnings from companies like Cisco Systems Inc. (NASDAQ: CSCO) and CoreWeave Inc. Nvidia CEO Jensen Huang is set to headline the annual Computex trade show, showcasing partnerships with Taiwanese firms. Key economic factors being assessed include a tarifff pause with China and the upcoming release of the Producer Price Index data. The 10-year Treasury bond yielded 4.50% while the two-year bond was at 4.03%. Markets are predicting a 91.7% likelihood of the Federal Reserve keeping current interest rates unchanged in the June meeting. Futures were down for major indices like Dow Jones, S&P 500, Nasdaq 100, and Russell 2000. ETFs tracking S&P 500 and Nasdaq 100 fell in premarket. On Wednesday, tech and communication services sectors gained, while health care, materials, and real estate saw losses. The S&P 500 extended gains for a third session, up 4% week-to-date, with Dow adding around 2% and Nasdaq surging over 6%. U.S. mortgage applications saw a modest increase of 1.1%.