US Futures Extend Losses
2026-02-27 12:48
By
Andre Joaquim
1 min. read
US equity futures were lower on Friday, extending the pullback from the previous session as markets continued to reconsider their speculative positions on AI infrastructure companies.
Contracts attached to the S&P 500 and the Nasdaq 100 were 0.4% down, while those for the Dow fell 0.6%.
Stocks with exposure to AI demand extended yesterday's slump, triggered by analysts' growing concerns that spending on AI infrastructure will not be sustained following Nvidia's earnings call.
The chip giant sank 5.5% yesterday and was lower pre-market, while Broadcom, Oracle, and CrowdStrike sank over 2% down ahead of the opening bell.
Banking futures also pulled back, with markets pivoting toward long-duration Treasuries despite concerns of sticky inflation and evidence of a stable labor market.
On the earnings front, Dell surged 11% on its strong forecast for AI servers, while CoreWeave sank 12% after missing profit.
Also, Netflix jumped 7% as it bowed out of its bidding for Warner Bros.