US Stock Market today: Nasdaq is set for low start at the Wall Street on Friday even as S&P 500 futures were down as well. Dow futures were up in the pre-market trading on the final day of the week. Nvidia, the largest company by market value, fell 1.2 per cent, while Intel, Micron, AMD and Broadcom dropped between 1.2 per cent and 2.5 per cent in premarket trading.Chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Gains in semiconductor stocks were ‌instrumental in Wall Street's ⁠recovery from ⁠March lows to record highs. A temporary ceasefire in the Middle East and strong earnings growth also supported the gains.The spotlight will turn to the Labor Department's data at 8:30 ​a.m. ET, which is expected to show nonfarm payrolls rose by 85,000 jobs in May, after increasing 115,000 in April, according to a Reuters survey of economists. The pace is likely consistent with a stable labor market.The data ​comes ahead of ​the new Federal Reserve Chair Kevin Warsh's first policy meeting later this month, as he takes charge of ⁠an economy grappling with elevated inflation, partly exacerbated by the Middle East conflict, and ​a subdued labor market, marked by layoffs and fewer hirings.Money markets expect the central bank ​to keep rates unchanged into next year.Hezbollah rejected a new Lebanon ceasefire, while Israel said it would keep troops in place, dealing a blow to U.S. President Donald Trump's push to end the fighting and advance talks with Tehran.Citi said it was trimming equity exposure after a strong run. It had taken a bullish call when the Middle East ceasefire took hold in April. It flagged rising inflation and positioning risks, while keeping a constructive longer-term view on U.S. equities supported by AI-driven earnings.If losses hold through the session, the S&P 500 would register its first ​weekly decline since April. ​The tech-heavy Nasdaq was also set to ⁠end the week slightly lower, while the price-weighted Dow was on track to rise for the third straight week.S&P Global said it would not change the eligibility requirements for its major indices, which effectively rules out a swift entry for Elon Musk's SpaceX to ​the benchmark S&P 500 after it goes public in what would be the world's biggest IPO.Among other major moves, Lululemon Athletica slumped nearly 12.5% after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.Cooper Companies rose 5.6% after the maker of contact lenses beat estimates for second-quarter results.Meanwhile, S&P Dow Jones Indices will announce the results following its rebalancing after markets close. Chipmaker Marvell Technology, which now boasts of more than $270 billion in valuation, is among the contenders to be added to the benchmark index.