U.S. stock futures tumbled across the board, signaling renewed investor caution. Dow Jones Industrial Average futures dropped 1.56%, S&P 500 futures slid 1.70%, and Nasdaq-100 futures plunged 2.00%, highlighting growing concerns over the near-term market outlook.
Tech Stocks Lead the Decline
The sell-off was particularly severe in tech-heavy sectors. Rising Treasury yields and dimmed expectations for imminent rate cuts have hit high-growth technology companies hardest, whose valuations are sensitive to interest rate changes.
- Inflation fears are resurfacing, delaying hopes for Fed easing
- Higher bond yields pressure equity valuations
- Geopolitical tensions add to market uncertainty
Traders are now eyeing upcoming economic data, including jobs and inflation reports, for clearer direction. Defensive sectors and safe-haven assets like gold are seeing increased demand as risk appetite cools.