Pre-Market Brief: Jobs Day Meets the Chip Selloff

Good morning. It is Thursday, July second, and this is Pre-Market Brief. Here is the setup before the opening bell: according to Investing dot com, Dow futures are up about zero point two percent, S and P five hundred futures are basically flat, and Nasdaq one hundred futures are down about zero point three percent. The one-sentence reason: investors are waiting for the June jobs report, while the A I chip trade is still getting hit after a sharp global rotation out of semiconductors. The tape is not screaming risk-off across everything; it is more selective than that. The weakness is centered where the market had the biggest run and the highest expectations.