Broadcom, Mobileye shares fall premarket; UiPath rises

Investing.com -- US stock futures were lower on Friday, as investors awaited a much-anticipated labor market report that could factor into the size and speed of the Federal Reserve's next monetary policy decisions.

By 07:39 ET (11:39 GMT), the Dow futures contract had shed 145 points or 0.4%, S&P 500 futures had slipped by 35 points or 0.6%, and Nasdaq 100 futures had fallen by 195 points or 1.0%.

The 30-stock Dow Jones Industrial Average and benchmark S&P 500 both finished the prior session in the red, while the tech-heavy Nasdaq Composite gained.

Here are some of the biggest premarket US stock movers today:

Shares in Broadcom (NASDAQ:AVGO ) slumped by more than 9% in premarket trading after the group's current-quarter sales guidance slightly disappointed investors' expectations. The firm projected that it would deliver $14 billion in revenue in its fourth quarter, just under estimates of $14.04 billion, according to LSEG data cited by Reuters. The forecast was seen as a sign of possible sluggishness in the company's non-AI-related operations.

Other chip stocks, including artificial intelligence-darling Nvidia (NASDAQ:NVDA ) and peer Advanced Micro Devices (NASDAQ:AMD ), declined following Broadcom's report. Marvell Technology (NASDAQ:MRVL ) and Micron Technology (NASDAQ:MU ) were also lower ahead of the opening bell.

Mobileye (NASDAQ:MBLY ) shares fell by more 3%. Bloomberg News earlier reported that Intel (NASDAQ:INTC ) was mulling over options for its holdings in the automated driving systems group.

UiPath (NYSE:PATH ) shares surged after the company raised its annual guidance and reported second-quarter results that beat Wall Street estimates. Moreover, the software maker increased its share buyback program by $500 million.

Samsara (NYSE:IOT ) shares jumped following better-than-anticipated second-quarter returns from the application software firm. The group also hiked its annual outlook.

DocuSign (NASDAQ:DOCU ) posted better-than-anticipated second-quarter earnings and revenue but its guidance failed to impress investors, sending its shares lower in premarket trading.

Source: Investing.com