Nasdaq 100 Futures Fall 1.1% as U.S. Premarket Shares Diverge

U.S. stock futures pointed in different directions before Thursday’s open, with Nasdaq 100 contracts down 1.1%, S&P 500 mini futures off 0.3% and Dow futures up 0.3%. The Nasdaq 100 had the largest decline among the three listed contracts, while the Dow was the only one in positive territory.

The Magnificent Seven were mostly lower in premarket trading. Nvidia fell 1.54%, Google 1.58%, Amazon 1.47%, Meta 1.47%, Tesla 1.40% and Microsoft 0.46%, while Apple gained 0.76%.

Shares in optical communications companies also declined. Lumentum fell 3.50%, Corning 3.28%, Coherent 3.34%, Applied Optoelectronics 3.15%, Ciena 3.14%, Broadcom 1.77% and Marvell Technology 2.80%.

Biotechnology stocks were mostly higher. Johnson & Johnson rose 1.76%, Eli Lilly 1.25%, Novo Nordisk 1.20%, AbbVie 1.00% and Merck 1.23%, while Moderna slipped 1.67%.