US Market Preview | BGMS Soars 176.4%; US Jobs Beat in May; STI Jumps Another 90%; Lululemon Down 11% on Weak Outlook
Broadcom Limited AVGO | 0.00 | |
Marvell Technology MRVL | 0.00 | |
Micron Technology, Inc. MU | 0.00 | |
Bio Green Med Solution, Inc. BGMS | 0.00 | |
Solidion Technology STI | 0.00 |
Most Important News
- US Adds 172K Jobs in May, Blowing Past Forecasts
- NVIDIA’s AI Build-Out Set To Surge in H2
- Lululemon Outlook Disappoints, Shares Down 11%
S&P 500 futures fell early on Friday as traders looked ahead to the release of May’s jobs report, while the tech-heavy Nasdaq was poised to open sharply lower as Thursday’s U.S. tech sell-off spread to Asian and European markets.
As of 03:40 PM Riyadh Time, the index futures gains and losses are shown in the table below:
Shares in Broadcom Limited(AVGO.US) were 1.4% lower after tumbling 12.5% on Thursday, with Marvell Technology(MRVL.US) and Micron Technology, Inc.(MU.US) down 2.7%.
On Thursday, the blue-chip Dow climbed 874.86 points, or 1.73% to a fresh record close. The S&P 500 added 0.41%, while the Nasdaq Composite slipped 0.09%, weighed down by a rotation out of the technology sector.
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As of 03:30 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") |
176.4% | 2.93 | Bio Green Med Solution, Inc.(BGMS.US) |
95.8% | 44.47 | 🌙 Solidion Technology(STI.US) |
90.9% | 2.1 | 🌙 Real Messenger Corporation Class A(RMSG.US) |
73.8% | 0.56 | 🌙 SmartKem, Inc.(SMTK.US) |
39.2% | 4.05 | Clearmind Medicine(CMND.US) |
US Adds 172K Jobs in May, Blowing Past Forecasts
The U.S. economy added 172,000 jobs in May, far exceeding expectations of 85,000 and slightly below April's 179,000 gain. The unemployment rate held steady at 4.3%, in line with forecasts. The stronger-than-expected payroll data suggests persistent resilience in the labor market, adding to the case for the Federal Reserve to remain cautious on rate cuts.
Trump Weighs Government Stakes In AI Firms
Trump administration explores US government ownership stakes in leading AI companies, days after Sen. Bernie Sanders proposal.
Warren Warns of AI Cost Shift to Consumers
Sen. Elizabeth Warren says private equity profits from AI by buying utilities and passing grid upgrade costs via higher electricity bills.
Private Equity Lending Tightens Amid Risk Control
Lax US private equity lending era ends, with industry-wide risk control tightening across the board.
Bond Market 'Beast' Awakens
Treasury market convexity hedging may worsen volatility after last month's sell-off. Vishal Khanduja observed unusual activity.
Bitcoin Suffers Worst Week
Bitcoin is experiencing its sharpest weekly drop since 2022, with liquidity shifting to other assets amid market uncertainty.
OPEC+ Supply Boost Nears Finish Line
OPEC+ is near completing its million-barrel supply restoration, questioning the final batch's 2027 market release.
NVIDIA’s AI Build-Out Set To Surge in H2
- Apple Inc.(AAPL.US) routes Siri queries through NVIDIA Corporation(NVDA.US) Blackwell GPUs in Google Cloud, confirming Nvidia's infrastructure remains essential for production-scale AI inference.
- NVIDIA Corporation CEO Jensen Huang says AI infrastructure scaling will be "substantially larger" in the second half, with Samsung and SK Hynix supplying 70% of memory for AI chips.
SuperX Launches First US AI Cloud Hub
SuperX launches its first US AI Inference Cloud Hub in Denver, powered by NVIDIA Corporation(NVDA.US) tech for enterprise AI inference services.
Intel Stock Falls Amid Chip Slump
Intel Corporation(INTC.US) stock dipped premarket Friday as a broad semiconductor selloff hit sentiment with no company-specific catalyst.
APIs Are Creating a Bigger AI Opportunity For Broadcom Than Chips
Apollo Investment Corporation(AINV.US) and Blackstone Inc.(BX.US) partners with Broadcom Limited(AVGO.US) on a massive AI infrastructure project.
CoreWeave CEO sells US$23M in shares
CoreWeave(CRWV.US) CEO Michael Intrator sold 186,000 common shares worth US$22.81 million, reducing his direct Class A stake to 3.88 million shares.
Solidion's Battery Anode Breakthrough
Solidion Technology(STI.US) patented a lithium metal anode platform to speed ultra-high-energy batteries for space and EVs, protected by 30+ patents. Its shares rise another 90% premarket.
Lululemon Outlook Disappoints
lululemon athletica inc.(LULU.US) shares fell 9.49% in after-hours as low Q2 and 2025 guidance missed analyst estimates.
Lululemon Athletica lowered Q2 and full-year guidance after Q1 revenue rose 4% to US$2.5B, citing negative media and soft product launches.
| Friday June 05 2026 | Event | Previous | Consensus | Forecast |
|---|---|---|---|---|
| 03:30 PM | Non Farm Payrolls MAY | 115K | 85K | 102.0K |
| 03:30 PM | Unemployment Rate MAY | 4.3% | 4.3% | 4.4% |
| 03:30 PM | Average Hourly Earnings MoM MAY | 0.2% | 0.3% | 0.2% |
| 03:30 PM | Average Hourly Earnings YoY MAY | 3.6% | 3.4% | 3.5% |
| 03:30 PM | Participation Rate MAY | 61.8% | 61.7% |