07:17 AM EDT, 06/04/2026 (MT Newswires) -- Wall Street futures pointed largely lower pre-bell Thursday after chipmaker Broadcom (AVGO) issued tempered guidance, and following media reports of escalating hostilities in the Persian Gulf.

In futures, the S&P 500 fell 0.5% and the Nasdaq declined 1.2%, although the venerable Dow Jones was up 0.4%.

Broadcom traded down 13.9% pre-bell after the chipmaker issued below-consensus fiscal Q3 AI-related semiconductor-revenue guidance late Wednesday.

CrowdStrike (CRWD) fell 10.6% pre-bell after the cybersecurity outfit reported fiscal Q1 results that topped consensus, but only marginally, after the market closed Wednesday.

Asian exchanges traded lower overnight on the Middle East outlook and profit-taking in tech issues. European bourses tracked modestly lower midday on the continent.

In economic news, US companies planned to cut 97,006 jobs in May, up from 83,387 in April and 93,816 a year ago, outplacement firm Challenger, Gray & Christmas reported.

On the economic calendar are the weekly jobless claims report and the Q1 productivity and costs bulletin at 8:30 am.

The weekly EIA natural gas report is due at 10:30 am.

Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.

In pre-market action, Bitcoin traded at $62,445, West Texas Intermediate crude oil traded down 1% at $95.02, and 10-year US Treasuries offered 4.48%. Spot gold commanded $4,467 an ounce.