US Futures Fall Further After PPI
2026-02-27 13:44
By
Andre Joaquim
1 min. read
US equity futures fell further on Friday, extending the drop from the previous session as markets reconsidered their speculative positions on major AI infrastructure companies.
Contracts for the three main averages were around 1% lower.
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.
The decline for defensive stocks also reflected markets pivoting toward long-duration Treasuries despite concerns of sticky inflation, with producer inflation fell less than expected in January, while the core gauge unexpectedly jumped.
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.