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Tech-Led Slump in U.S. Stocks Leaves Futures Flat Ahead of Key Economic Data
Tech-Led Slump in U.S. Stocks Leaves Futures Flat Ahead of Key Economic Data
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BTCCSquare news:
U.S. stock futures hovered near unchanged levels Wednesday evening following a four-day decline in the S&P 500, driven by weakness in technology shares. The Nasdaq 100 underperformed with a 0.7% drop during regular trading as megacaps Amazon, Apple and Alphabet each lost more than 1%. Semiconductor stocks Broadcom and Intel fell sharply, declining 1.3% and 7% respectively.
Despite the tech-led retreat, markets showed resilience—all major indices closed well above their session lows. The Dow Jones Industrial Average even managed a slight gain. Investors now await Thursday's economic releases, including PMI surveys and jobless claims data, for clues about the Federal Reserve's policy path.
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