US stock futures declined for the second consecutive session as technology stocks faced a sell-off triggered by Broadcom's disappointing outlook. Futures for the S&P 500 dropped 0.4%, while Dow Jones Industrial Average futures fell 0.3%, reflecting investor caution ahead of the market open on June 4, 2026, according to livemint.com.
The sell-off followed Broadcom's earnings report, which fell short of market expectations and led to a halt in the recent rally in tech shares. This shift in sentiment caused a broader market reaction, with Nasdaq futures also retreating by up to 1%. The decline in tech stocks weighed on overall market sentiment, contributing to the downward pressure on US futures.
This development comes after a period of strong gains in technology stocks, which had driven market optimism in recent sessions. The Broadcom outlook served as a catalyst for profit-taking and reassessment of valuations in the tech sector. The broader market impact highlights the sensitivity of US equities to earnings reports from major technology companies, which play a significant role in market performance.
Meanwhile, crude oil prices eased slightly, with Brent crude hovering near $96 per barrel and WTI around $95, after three days of gains. The market will closely watch upcoming corporate earnings and geopolitical developments for further direction. The next key data point for investors will be the market open on June 4, 2026, when the full impact of Broadcom's outlook on trading volumes and prices will become clearer.