Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus

Nasdaq futures slipped 0.30% as chip and AI infrastructure stocks extended their selloff, with weakness in names like Sandisk, Micron and Marvell weighing on sentiment. The article frames the move as part of a broader risk-off tone ahead of the U.S. nonfarm payrolls report, which could shape expectations for interest-rate policy. Markets are also digesting softer labor and manufacturing data, along with comments from Fed Chair Kevin Warsh suggesting inflation risks have eased and no immediate need for guidance on rates. The Dow was modestly higher, while the S&P 500 and Nasdaq Composite fell in the prior session. Broader global weakness in tech, especially in China and Japan, reinforced pressure on semiconductors and AI-related stocks. The near-term market focus is firmly on the jobs data and bond yields, with U.S. markets closed Friday for Independence Day.