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Nasdaq futures fall as chips lag; S&P 500 contracts little changed
Reuters said Nasdaq futures dropped Thursday as chip and data-center names stayed under pressure, while S&P 500 futures were little changed after Wednesday’s rally.
- New headline Was: “S&P 500 futures steady after midterm rally; Nasdaq lags on chip weakness”
- Our desk filed its story
Based on reporting by Reuters
Reuters reported Thursday that Nasdaq futures declined as semiconductor and data-center-related stocks stayed under pressure, while S&P 500 futures were little changed after Wednesday’s advance1.
The outlet said Qualcomm was down about 10.1% in premarket trading after fourth-quarter smartphone-chip sales missed estimates, citing weaker demand and less Apple-related revenue1. It said Nvidia, Marvell Technology and Intel also fell, extending the prior session’s declines1.
At 5:04 a.m. ET, Reuters said Dow E-mini futures were up 258 points, or 0.48%, S&P 500 E-minis were up 0.5 points, or 0.01%, and Nasdaq 100 E-minis were down 181 points, or 0.63%1.
Reuters attributed some of the chip pressure to the midterm outcome in states important to data-center construction and to public opposition to rapid expansion1. It cited a UBS note that pauses could slow 2028 buildout, with about 30% of expected 2028 additions at risk, while also saying much of that outlook was already reflected in semiconductor valuations1.
The same report said the S&P 500 had its largest one-day percentage gain in three months on Wednesday as political uncertainty eased1.
