Before the U.S. stock market opened, the three major futures fell short-term after the data was released. Nasdaq futures fell 1.33%, S&P 500 futures fell 0.60%, and Dow futures fell 0.30%.
Chip stocks did not do well, with AMD leading the decline, falling more than 5% before the market, while Nvidia, Intel, and TSMC all fell nearly 3%.
In terms of ETFs, 3 times short semiconductor ETF $SOXS rose more than 7% in pre-market, 2 times short Bloomberg Natural Gas ETF $KOLD rose more than 3% pre-market.
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