S&P 500 futures drop 0.8% and Nasdaq futures fall 1.5% amid broad tech declines and geopolitical tensions.
S&P 500 futures declined 0.8% and Nasdaq futures fell 1.5% in early trading, extending losses after a global selloff. Asian markets set the tone, with the Nikkei down 4% and the KOSPI shedding over 6%.
AI-related firms and chipmakers led the retreat, with Nvidia, Intel, and AMD all down more than 2%. Major tech names like Microsoft, Meta, and Alphabet also slipped, signaling a widening selloff beyond semiconductors.
Investors cited concerns over AI profitability, Middle East tensions, and hawkish Fed expectations as key drivers. Technical pressures added to the bearish sentiment ahead of the US market open.