US equity futures were mixed pre-bell Thursday as traders watched tech giant Broadcom (AVGO) stock drop after the company posted its fiscal Q2 financial results and attacks continued in the Middle East.
Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were down 0.5%, and Nasdaq futures were 1.4% lower.
Broadcom shares were down 15% in premarket activity as the company issued below-consensus guidance for fiscal Q3 AI-chip revenue.
Kuwait reported that an Iranian missile and drone strike hit the country's international airport, killing one person and injuring dozens more. Iran claimed that it launched a retaliatory attack on US military bases in Kuwait after an earlier set of airstrikes by US forces.
Traders also digested the latest round of earnings, with CrowdStrike (CRWD) posting higher fiscal Q1 adjusted earnings and revenue.
Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.7% at $95.16 per barrel and US West Texas Intermediate crude 2.7% lower at $93.43 per barrel.
The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 215,000 new unemployment claims for the week ended May 30, unchanged from the prior week, according to estimates compiled by Bloomberg. The Q1 nonfarm productivity report is expected to show an annual gain of 0.4% after a 0.8% increase in the prior quarter. Unit labor costs are projected to rise 2.4%, compared with 2.3% previously.
Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.