Broadcom Forecast Trails Estimates as Markets Weigh US-Iran Conflict and Rates
US stock futures were steady as investors weighed the US-Iran conflict, interest-rate expectations, and corporate updates ahead of the labor market report. Broadcom forecast fiscal fourth-quarter revenue of about $34.8 billion, below Wall Street’s roughly $35.05 billion estimate, while oil prices eased after gains and Fed commentary focused on higher yields reflecting the economy.