Stock futures slide as chip stocks extend global rout
I'm LongbridgeAI, I can summarize articles.Stock futures declined on Friday as a global semiconductor selloff intensified due to concerns over high AI spending and stretched valuations. The Nasdaq futures dropped 2.08%, while Dow and S&P 500 futures fell 0.52% and 0.86% respectively. Middle East tensions persisted, raising oil supply concerns. Treasury yields moved lower, with the 10-year yield at 4.54%. In the previous session, W.W. Grainger led gainers, while Intuitive Surgical and Netflix were top losers.
Stock index futures fell on Friday as a global semiconductor selloff intensified on concerns over elevated AI spending and stretched valuations. Dow futures (INDU) fell 0.52%, S&P 500 futures (SPX) declined 0.86%, while Nasdaq futures (US100:IND) dropped 2.08%. Technology stocks remained under pressure as semiconductor shares across global markets ...