US equity futures were mixed for a second straight session, as a selloff in chipmakers contrasted with gains in more traditional sectors. S&P 500 futures edged lower and Nasdaq 100 contracts fell 1%, while Dow Jones futures rose to a fresh record.
Stalled talks between the US and Iran reinforced expectations that energy supplies will stay tight even as domestic fuel inventories decline, keeping inflation risks elevated. At the same time, the forthcoming US jobs report is still expected to point to a robust labor market.
Banks and defensive sectors gained, underpinning the Dow, with Visa and Johnson & Johnson each up more than 2% in premarket trading. By contrast, semiconductor and AI infrastructure names came under pressure. Broadcom fell another 2%, extending a 13% plunge in the previous session after its guidance missed estimates. Micron slid 4%, while Nvidia dropped 2%.
Separately, S&P Dow Jones Indices rejected a fast-track inclusion for SpaceX ahead of its initial public offering next week, which is expected to be the largest IPO on record.
