US Futures Steady Amid Oil Price Decline and Market Focus on Broadcom Outlook
US stock futures remained stable as investors weighed developments in the US-Iran conflict, interest-rate expectations, and corporate updates ahead of Friday's labor market report. By early afternoon ET, S&P 500 and Nasdaq 100 Futures were nearly unchanged while Dow Jones Futures held steady at around 53,195 points. The calm followed a positive Wall Street session as equities rebounded from initial September declines. Oil prices retreated after three consecutive days of gains amid renewed tensions in the Middle East. Brent crude fell to $95.25 per barrel and WTI dropped slightly below $90.80, following comments by US President Donald Trump suggesting limited duration for potential retaliatory actions against Iran. Energy flows through the Strait of Hormuz were reported as recovering. Broadcom (NASDAQ:AVGO) issued fourth-quarter revenue guidance at approximately $34.8 billion—below Wall Street's estimate—and projected AI chip sales slightly above expectations.
Tickers: $AVGO
Topics: geopolitical_conflict interest_rates oil_prices stock_futures