Broadcom, Ciena, and CrowdStrike declines weigh on Nasdaq futures after earnings, while SpaceX reveals IPO pricing ahead of next week’s offering.
Dow Jones futures edged higher early Thursday, contrasting with declines in S&P 500 and Nasdaq futures. Weakness in tech stocks followed earnings misses from Broadcom (AVGO), Ciena (CIEN), and CrowdStrike (CRWD), which fell sharply in premarket trading.
The broader market rally had shown resilience earlier in the week, but tech sector pressure offset gains. SpaceX (SPCX) disclosed its IPO price target and size late Wednesday, with the offering expected to launch late next week. Honeywell’s Quantinuum (QNT) spinoff also priced its IPO overnight.
Market reaction remained mixed, with Dow futures suggesting cautious optimism while tech-heavy indices faced headwinds from earnings disappointments.