---
title: "U.S. Stock Market Preview | Three major index futures mixed, Broadcom's guidance falls short of expectations, dragging NASDAQ futures down over 1% in pre-market trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288721799.md"
description: "U.S. stock index futures are mixed, with NASDAQ futures down over 1% due to Broadcom's guidance falling short of expectations. European stock markets are broadly up, and oil prices are down. Trump stated that a U.S.-Iran agreement may be reached this weekend, and navigation in the Strait of Hormuz will resume. New York Federal Reserve President Williams indicated that the current interest rate level is just right, with no signs of sustained inflation rising, and there is no need for rate hikes or cuts at this time"
datetime: "2026-06-04T12:33:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288721799.md)
  - [en](https://longbridge.com/en/news/288721799.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288721799.md)
---

# U.S. Stock Market Preview | Three major index futures mixed, Broadcom's guidance falls short of expectations, dragging NASDAQ futures down over 1% in pre-market trading

## Pre-Market Market Trends

1.  As of June 4th (Thursday) pre-market, the three major U.S. stock index futures are mixed. At the time of writing, Dow futures are up 0.89%, S&P 500 futures are down 0.36%, and Nasdaq futures are down 1.28%.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260604/1780575570809979.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

1.  As of the time of writing, the German DAX index is up 0.54%, the UK FTSE 100 index is down 0.36%, the French CAC40 index is up 1.03%, and the Euro Stoxx 50 index is up 0.27%.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260604/1780575641190579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

1.  As of the time of writing, WTI crude oil is down 3.36%, priced at $92.79 per barrel. Brent crude oil is down 3.11%, priced at $94.77 per barrel.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260604/1780575724550711.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

## Market News

**Trump: U.S.-Iran agreement may be reached this weekend.** On the evening of the 3rd local time, U.S. President Trump stated at the White House that negotiations between the U.S. and Iran are progressing well, and an agreement may be reached this weekend. When asked whether the ceasefire agreement between the U.S. and Iran is still in effect following Iran's recent attack on Kuwait, Trump said, "Everything has a cause," noting that U.S. forces had conducted a fairly intense strike against Iran in the previous nights, "so some things happen for a reason, and that reason usually makes some sense." He also stated that Iran's recent actions "are not a big deal," and claimed, "We have the situation under control and quickly nipped it in the bud." Trump further mentioned that once an agreement is reached between the U.S. and Iran, the Strait of Hormuz will "immediately" resume navigation, "however, the premise for navigation is that certain areas need to be cleared of mines."

**New York Fed's Williams: Interest rate level is "just right," no signs of sustained inflation rise.** New York Fed President Williams stated on Wednesday that he currently does not see the Iran war triggering persistent inflation and believes that current interest rates are at a "just right" level. "Monetary policy is in a very appropriate position," Williams said in an interview, "I think there is no need for a rate hike or cut at this time." When asked whether the Fed can ignore the impact of rising energy prices at this stage, Williams stated that he expects energy prices will not rise significantly in the next two years, "therefore this is more of a one-time shock effect." He added that the impact of energy prices and some tariffs may extend to the end of this year and even into next year, and he is closely monitoring signs of inflation "embedding more persistently." **The "hawkish" tone of the Bank of Japan is approaching: the probability of a 25 basis point rate hike in June is nearing 90%.** According to informed sources, Bank of Japan officials are considering raising the benchmark interest rate by 25 basis points this month and believe that further rate hikes may occur later this year. The Bank of Japan is likely to discuss raising the policy rate to 1% at the monetary policy meeting ending on June 16. Officials also believe that, given the low real interest rates and ongoing inflationary risks, there is still room for further rate hikes. Due to the high uncertainty in the Middle East situation, officials will sift through more data and information as much as possible before making a final decision at the last moment. Informed sources indicate that there may be some dissenting voices against the rate hike within the meeting, but they are not sufficient to sway the decision.

**South Korean Finance Minister promises immediate intervention if foreign exchange market experiences severe fluctuations.** South Korean Finance Minister Choo Kyung-ho stated on Thursday that the Korean won has recently depreciated significantly against the US dollar, and if there are severe abnormal fluctuations in the foreign exchange market, the Korean side will implement emergency measures for intervention if necessary. According to the South Korean Ministry of Finance, Choo Kyung-ho discussed related measures in Seoul with Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Chairman Lee Bok-hyun, and Financial Supervisory Service Director Lee Chan-jin. During the meeting, Choo Kyung-ho stated that the government is closely monitoring fluctuations in the foreign exchange market and promised to take "immediate measures" if necessary. He said, "The government is maintaining a high level of vigilance, assessing the market in real-time, and preventing external uncertainties from continuing to ferment, which could exacerbate market panic. Measures will be implemented immediately if necessary to stabilize abnormal market fluctuations."

**Increased supply + weak seasonal demand, iron ore prices fall to two-month low.** Iron ore prices have fallen to their lowest level in two months, continuing the downward trend this week, due to increased supply and weak seasonal steel demand dampening market sentiment. In early Asian trading on Thursday, iron ore futures prices fell by 1.1% to $102.50 per ton, reaching the lowest intraday level since April 14 and are expected to record the lowest closing price since March. Global iron ore shipments continue to grow, while summer steel demand is relatively weak. Meanwhile, the price of coking coal has risen sharply, beginning to squeeze steelmaking profit margins, which negatively impacts iron ore prices.

## Individual Stock News

**Broadcom (AVGO.US) Q2 earnings exceed expectations but are not impressive, stock price plummets dragging down the AI sector.** AI custom chip giant Broadcom (AVGO.US) once again delivered earnings that exceeded expectations, but the much-anticipated AI chip revenue guidance was disappointing, indicating that the company's progress in capturing market share in the rapidly growing AI chip sector may be slower than the market expected. As a result, Broadcom's stock plummeted nearly 15% in pre-market trading. The earnings report showed that for the second quarter of fiscal year 2026 ending May 3, Broadcom achieved a record revenue of $22.2 billion, a year-on-year increase of 48%—a significant increase from the previous quarter's year-on-year growth rate of 29% and above the analysts' average expectation of $22.1 billion; Non-GAAP net profit was $12.1 billion, a year-on-year increase of 55%; adjusted earnings per share were $2.44, higher than the analysts' average expectation of $2.39. Due to Broadcom's outlook for AI chip revenue failing to impress investors, U.S. stock index futures fell in pre-market trading on Thursday **CrowdStrike (CRWD.US) fails to meet market "high expectations": guidance not "stunning" enough, stock plummets 10% post-earnings.** CrowdStrike's total revenue for the first fiscal quarter was $1.39 billion, a year-on-year increase of 26%, exceeding market expectations of $1.36 billion by approximately $30 million. The adjusted earnings per share were $1.10, surpassing the market consensus estimate of $1.07 and also higher than the company's previous guidance range of $1.06 to $1.07. Despite core metrics such as revenue and earnings per share all exceeding market expectations, and the full-year guidance being raised, the company's stock still plummeted over 10% in pre-market trading, briefly falling below $667, with a market value evaporating by over $10 billion. After a nearly 70% surge in stock price within a month and a cumulative increase of 98% over the past three months, merely "exceeding expectations" is far from enough—the market desires a stunning and perfect performance.

**Foxconn partners with Intel (INTC.US) to aggressively pursue AI infrastructure, seizing the trillion-dollar AI server market.** Foxconn announced on Thursday a strategic partnership with Intel (INTC.US) to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. In a statement, Foxconn indicated that this collaboration aims to create a comprehensive AI solution covering chips, racks, systems, and application layers. The two companies plan to collaborate on equipment used in AI data centers, including server racks equipped with Intel Xeon processors and AI accelerator chips. Additionally, they will focus on high-speed interconnect technology, thermal design, and energy efficiency solutions in AI systems. Foxconn and Intel also plan to develop AI systems applicable beyond traditional data centers, including applications in factories, smart cities, and robotics.

**Uber (UBER.US) advances "cost reduction and efficiency improvement": HR department lays off 23%.** Uber announced a 23% layoff in its HR department, affecting dozens to hundreds of employees, which represents "far less than 1%" of the company's total workforce of 34,000. New President Jill Hazelbaker stated in a letter to the affected department that some teams had become "complex and decentralized, with overlapping responsibilities, unclear ownership, and too much distance between teams and the businesses they support." She indicated that the purpose of the layoffs is to create a "more closely connected, modern, and operationally excellent organization."

## Important Economic Data and Event Forecast

Beijing time 20:30: U.S. initial jobless claims.

Beijing time 23:40: Speech by U.S. FOMC member Daly

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