Stock Market Today: Dow Futures Rise; Nasdaq Futures Fall

Core Viewpoint - Broadcom's shares declined in after-hours trading following the release of its earnings report, which showed a significant drop in revenue and profit margins compared to previous quarters [1] Financial Performance - Broadcom reported a revenue of $8.9 billion for the latest quarter, representing a 5% decrease year-over-year [1] - The company's net income fell to $3.5 billion, down from $4.2 billion in the same quarter last year, indicating a 17% decline [1] - Gross profit margin decreased to 54% from 57% in the previous year, reflecting pressures on profitability [1] Market Reaction - Following the earnings announcement, Broadcom's stock price fell by approximately 4% in after-hours trading, signaling investor concerns over the company's financial outlook [1] - Analysts expressed mixed reactions, with some highlighting the need for Broadcom to adapt to changing market conditions to regain investor confidence [1] Industry Context - The semiconductor industry continues to face challenges, including supply chain disruptions and fluctuating demand, which have impacted Broadcom's performance [1] - Competitors in the semiconductor space are also experiencing similar pressures, indicating a broader trend affecting the industry [1]