Business & Finance
US Stock-Index Futures Slide as Jitters Grow on Chip Selloff
Key Points
US Stock-Index Futures Slide as Jitters Grow on Chip Selloff US equity futures fell as a selloff in semiconductor stocks gathered steam, pushing investors to look for alternatives in other corners of the market. Contracts on the tech-heavy Nasdaq 100 retreated 1.9% as of 4:10 a.m. in New York, while S&P 500 futures were down 0.9%. Nvidia Corp. led the Magnificent 7 cohort lower in premarket trading, while the Philadelphia Semiconductor Index was on the cusp of a bear market and set to extend...
US Stock-Index Futures Slide as Jitters Grow on Chip Selloff
US equity futures fell as a selloff in semiconductor stocks gathered steam, pushing investors to look for alternatives in other corners of the market.
Contracts on the tech-heavy Nasdaq 100 retreated 1.9% as of 4:10 a.m. in New York, while S&P 500 futures were down 0.9%. Nvidia Corp. led the Magnificent 7 cohort lower in premarket trading, while the Philadelphia Semiconductor Index was on the cusp of a bear market and set to extend Thursday’s losses .