Futures tied to the Nasdaq 100 fell Thursday as as investors digested a disappointing update from Nvidia, an economic bellwether in the technology industry.
As of 5:36 a.m. ET, Nasdaq 100 futures were down 0.3%. Stock futures tied to the Dow Jones Industrial Average rose slightly, while S&P 500 futures were flat.
The move in futures comes after some disappointing quarterly reports from the technology sector. Shares of chipmaker Nvidia dropped 5.6% in the premarket after the company delivered weaker-than-expected guidance for the second quarter. The company's CFO said Nvidia would slow hiring.
Similarly, software stock Snowflake tumbled 14% after the company's guidance for operating margin came in narrower than expected.
Though first-quarter earnings for the market as a whole have been largely in line with historical trends, there have been dramatic...
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