Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent.
Extended weakness among chip stocks may weigh on Wall Street, as reflected by the 1.3 percent slump by the tech-heavy Nasdaq 100 futures.
Yesterday's negative reaction to Broadcom's (AVGO) guidance may continue to generate selling pressure amid concerns about valuations.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.