Dow futures plunge sharply on Tuesday: 5 things to know before Wall Street opens

Economic Indicators - The November employment report is a critical economic indicator that could influence Federal Reserve policy decisions, with expectations of a significant slowdown in hiring, projecting nonfarm payrolls at just 50,000, down from September's 119,000 [3] - The unemployment rate is anticipated to rise to 4.5% from September's 4.4% [3] Market Performance - Wall Street's three major indexes ended Monday in negative territory, primarily due to significant selling pressure in artificial intelligence stocks, with Broadcom down 5.6%, ServiceNow down 11.5%, and Oracle down 2.7% [4] - Global equities tumbled on Tuesday as investors grew cautious ahead of critical US economic data releases, with Europe's Stoxx 600 falling 0.2% and Japan's Nikkei 225 dropping 1.6% [8][9] Company-Specific Developments - Broadcom projected a 100 basis point compression in gross margins for some AI chip systems, despite forecasting AI revenue to reach $8.2 billion this quarter [5] - Oracle raised its capital expenditure guidance to $50 billion from $35 billion but revealed debt-fueled funding constraints that spooked investors [5] - Ford announced a $19.5 billion charge as it restructures its electric vehicle strategy, discontinuing the next-generation F-150 Lightning and ending a $6 billion battery joint venture with SK On, shifting focus toward hybrid vehicles and extended-range electric options [5][6]