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US Equity Futures Mostly Lower Pre-Bell Amid Continued Tech Stock Sell-Off, US-Iran War Entering Fourth Month

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US equity futures were mostly lower pre-bell Friday as a sell-off in tech stocks continued and the US-Iran conflict entered its fourth month.

Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.

Broadcom (AVGO) shares were down 1.7% in premarket activity after plunging 12.6% on Thursday, joining a broader stock sell-off in the semiconductor industry.

President Donald Trump said he would meet with Iranian Supreme Leader Ayatollah Mojtaba Khamenei if a deal is finalized to end the US-Iran war. The ceasefire between the two nations continues to be fragile, with attacks exchanged earlier in the week.

Traders took note of the latest round of earnings, with Ciena (CIEN) reporting higher fiscal Q2 adjusted net income and revenue.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $94.57 per barrel and US West Texas Intermediate crude 0.4% lower at $92.67 per barrel.

The unemployment rate for May, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.3%, according to estimates compiled by Bloomberg.

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