US Futures Flat After Two-Day Slide
2026-05-19 00:21
By
Jam Kaimo Samonte
1 min. read
US stock futures were little changed on Tuesday after the major indexes posted a second consecutive session of losses, pressured mainly by weakness in technology shares.
During Monday’s regular session, the S&P 500 and Nasdaq Composite slipped 0.07% and 0.51%, respectively, as a selloff in memory chip makers dragged both benchmarks lower for a second straight day.
The decline followed a nearly 7% drop in Seagate shares after CEO Dave Mosley said at a JPMorgan conference that building new factories would “take too long,” fueling concerns the company could struggle to keep up with rapidly rising AI-related demand.
Peer Micron Technology also fell around 6%.
Investors are now turning their attention to a fresh batch of corporate earnings due Tuesday, including results from Home Depot, Keysight Technologies, and Toll Brothers, while also monitoring April pending home sales data for further insight into the US economy.