Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic data

U.S. stock index futures dropped on Thursday, as Micron Technology slumped after an unimpressive current-quarter forecast and dragged down other chip stocks, while caution ahead of economic data and a presidential debate also dented sentiment.

hitting $2 trillion in market value for the first time. The retail giant’s shares edged lower on Thursday in lackluster trading for megacap tech stocks. At 5:27 a.m. ET, Dow e-minis were down 73 points, or 0.18%, S&P 500 e-minis were down 8.75 points, or 0.16%, and Nasdaq 100 e-minis were down 39.5 points, or 0.2%.

European stocks were struggling for direction in early trading on Thursday as traders waited for key inflation data, while markets were also on alert for signs of Japanese authorities intervening in the yen after further declines in the currency. The risk premium on French debt was near a seven-year high as markets worried about the risk of far-right or far-left parties winning the elections.

The dollar-yen pair was trading at 160.57, with the yen having strengthened slightly since the pair’s peak of 160.88 on Thursday.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Stock market rally pauses ahead of U.S. jobs dataMarkets were mostly moving sideways ahead of Friday’s U.S. non-farm payrolls report
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks advance ahead of Fed rate decision and U.S. inflation dataGreenback held firm ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks test footing ahead of U.S. inflation data, Fed meetingEuropean assets looked to stabilize a day after the announcement of a snap election in France had driven them lower
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks near all-time highs ahead of expected ECB rate cutBut what the European central bank does after that remains subject to much debate
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks idle ahead of Fed’s preferred inflation figureGreenback steady against peer currencies ahead of inflation data
Source: globeandmail - 🏆 5. / 92 Read more »