Tech stocks weaken after recent discussions between Washington and Beijing fail to address semiconductor-related incentives.
Nasdaq futures fell as U.S.-China talks omitted chip sector support, dampening investor optimism for tech stimulus. The underperformance reflects reduced expectations for near-term policy relief in semiconductors and related industries.
Prior sessions saw modest gains on hopes for trade progress, but the lack of focus on chip-related issues contrasts with earlier market assumptions. Comparable periods showed volatility tied to U.S.-China trade dynamics, particularly in tech-heavy indices.
No immediate market reaction data was provided, but the shift in sentiment may pressure tech stocks in early trading.