Nasdaq under pressure with chip names lower; futures drift before jobs data
U.S. stock-index futures pointed to a mixed start Thursday. Dow and Russell 2000 futures edged up in early New York trading, but Nasdaq 100 futures slipped. Traders are watching for a jobs report that could shift rate hike bets ahead of a three-day break. Nasdaq’s premarket goes from 4:00 a.m. to 9:30 a.m. ET, and the regular session opens at 9:30 a.m. and ends at 4:00 p.m. ET. Traders didn’t focus on the S&P 500. The real action was in the splits underneath it. By about 5:48 a.m. EDT, Nasdaq 100 futures were off 0.35% while Russell 2000 futures ticked up 0.06%. Dow futures were slightly higher, gaining 0.04%. That left Nasdaq 100 futures 41 basis points below the Russell 2000 and 39 points under the Dow.