Technology
S&P 500 Futures Little Changed as Banks Report, Chipmakers Fall
Key Points
S&P 500 Futures Little Changed as Banks Report, Chipmakers Fall US equity futures held firm Tuesday despite a deepening selloff in chipmakers, as traders sorted through a slew of bank results from JPMorgan Chase & Co., Goldman Sachs Group Inc. and other lenders in the start to third-quarter corporate earnings season. Futures contracts tied to the S&P 500 Index were down less than 0.1% as of 7:50 a.m. in New York, after the benchmark was little changed on Monday near a fresh record. Nasdaq...
S&P 500 Futures Little Changed as Banks Report, Chipmakers Fall
US equity futures held firm Tuesday despite a deepening selloff in chipmakers, as traders sorted through a slew of bank results from JPMorgan Chase & Co., Goldman Sachs Group Inc. and other lenders in the start to third-quarter corporate earnings season.
Futures contracts tied to the S&P 500 Index were down less than 0.1% as of 7:50 a.m. in New York, after the benchmark was little changed on Monday near a fresh record. Nasdaq 100 futures fell 0.7%, as a selloff in chipmakers extended for another day. An exchange-traded fund tracking chipmakers tumbled nearly 2% premarket, with Micron Technology Inc. and US-listed shares of SK Hynix Inc. respectively sliding 3.8% and 5.5%. Sandisk Corp. was off 4.5%.