Stocks are under pressure in premarket trading Friday, putting the S&P 500 in danger of snapping a nine-week winning streak; chip stocks are extending yesterday's losses as the AI trade stumbles after a recent rally; the May jobs report is expected to show that U.S. employers added roles for the third straight month; S&P Global said it is not making changes to its rules for new additions to stock indexes, which would keep SpaceX, Anthropic and OpenAI from being quickly added after their mega-IPOs; and Lululemon shares are tumbling after the apparel maker cut its full-year outlook. Here's what you need to know today.