MicroStrategy’s shares moved lower after Bitcoin slipped below $65,000, highlighting vulnerability of its crypto holdings. U.S. futures for Nasdaq and S&P 500 showed mixed gains while investors awaited May jobs data and monitored escalating U.S.-Iran tensions.
U.S. stock futures opened mixed on Thursday: Dow futures rose 0.3%, Nasdaq futures declined 0.6% and S&P 500 futures fell 0.3%, while Russell 2000 futures gained 0.4%. These moves followed a recent sell-off in technology names as investors balanced earnings updates with broader market pressures.
Escalating strikes in the Middle East triggered a rare House vote to end hostilities, adding uncertainty about potential conflict expansion. Traders weighed these geopolitical developments alongside projections for the May labor market report.
Bitcoin slipped below $65,000 early Thursday, triggering a sell-off in crypto-linked equities. MicroStrategy’s shares underperformed as its substantial Bitcoin holdings increased sensitivity to digital-asset price swings.
