Futures edge lower as Micron drags chip stocks down ahead of data

June 27 - U.S. stock index futures slipped on Thursday as a slump in Micron Technology after a lackluster forecast dragged down other semiconductor stocks, while caution ahead of economic data and a presidential debate also dented sentiment.

Micron weighed on other semiconductor stocks including AI-trade favorite Nvidia , opens new tab, which fell 1.6%. Arm Holdings , Qualcomm , opens new tab and Advanced Micro Devices , opens new tab were down between 0.2% and 0.7%. Focus now shifts to a slate of economic data including durable goods for May, weekly jobless claims and first-quarter PCE and GDP figures before markets open, ahead of Friday's release of the monthly personal consumption expenditures price index - the Federal Reserve's preferred inflation gauge.

Further, President Joe Biden and former President Donald Trump are set to face each other in the first debate during the day, ahead of their rematch this November.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic dataEuropean stocks steady ahead of inflation data, yen near 38-year low
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Stock market today: US futures slip as Micron slides, with data on deckA sell-off in Micron put a dent in the AI bullishness that has fueled the tech-driven rally, as investors eye fresh economic data.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

GDP, jobless claims data, Micron earnings tank chip sector: Yahoo FinanceWall Street is digesting a slew of economic data this morning, with the latest readings on jobless claims and GDP figures providing a fresh read on the...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks close in the green, Micron, Levi Strauss earnings: Market Domination OvertimeAll three of the market averages (^GSPC, ^DJI, ^IXIC) closed Wednesday in the green, the Nasdaq Composite moving half of a percent higher after facing some...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »