US Stock Market today: Nasdaq is set for low start at the Wall Street on Friday even as S&P 500 futures were down as well. Dow futures were up in the pre-market trading on the final day of the week. Nvidia, the largest company by market value, fell 1.2 per cent, while Intel, Micron, AMD and Broadcom dropped between 1.2 per cent and 2.5 per cent in premarket trading.
Chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Gains in semiconductor stocks were instrumental in Wall Street's recovery from March lows to record highs. A temporary ceasefire in the Middle East and strong earnings growth also supported the gains.
