Stock Market Today: Dow Jones Falls Ahead Of Jobless Claims; AI Stock Arm Dives On Earnings

Dow Jones futures fell slightly in premarket trading, while S&P 500 futures remained steady, and Nasdaq 100 futures saw a slight increase. This market activity follows a significant rise in weekly initial unemployment claims reported by the Labor Department, reaching their highest since August 2023. In contrast, AI chip maker Arm Holdings faced a 6% drop after its annual sales forecast disappointed investors, contributing to a broader downturn in tech stocks including Roblox, which plummeted by 25% after its earnings report.

In the broader market, various stocks reacted to their earnings announcements with mixed results. Airbnb shares declined over 7%, while AppLovin surged by 14%. Other notable movements included Duolingo dropping nearly 14%, whereas HubSpot saw a nearly 7% increase. These fluctuations highlight the ongoing volatility and the critical eye investors are keeping on corporate earnings to gauge future market directions.