U.S. Stock Futures Steady After Tech-Led Selloff
U.S. stock futures held steady Thursday evening following Wall Street's sharpest single-day decline in over a month. The Nasdaq 100, Dow Jones Industrial Average, and S&P 500 futures edged up marginally after a selloff driven by tech weakness and interest rate uncertainty.
Nvidia and Broadcom led the tech retreat, dropping 3.6% and 4.3% respectively. Market sentiment soured as traders dialed back expectations for December Fed rate cuts. The resolution of the six-week government shutdown introduced additional uncertainty, with key economic data potentially lost during the closure period.
The Nasdaq Composite's 2.3% plunge erased Wednesday's gains, while the S&P 500 and Dow fell 1.7% each. Investors now await clarity on how missing economic indicators might influence the Fed's policy trajectory.
