US Futures Turn Lower on Tech Volatility

2026-06-26 11:51 By Andre Joaquim 1 min. read

US equity futures were firmly lower on Friday as fresh uncertainty on the AI trade reignited selling pressure for chip producers and AI companies.

Contracts for the S&P 500 and Nasdaq 100 fell 0.5% and 1.2%, respectively, to two-week lows.

Hyperscale cloud providers in the Magnificent 7 held their sharp drops from the previous session on lingering concerns that AI spending may have been overdone, with Nvidia, Tesla, and Oracle dropping more than 1% premarket.

Also, memory and other chip producers came under fresh selling, trimming gains from yesterday's rally fueled by Micron's earnings results amid concerns that AI infrastructure spending will slow.

Micron and Sandisk dropped 5%.

Concurrently, a report indicated that OpenAI could delay its IPO, also aligned with lower spending for compute capacity.

In turn, the Dow was close to the flatline after testing record highs yesterday to reflect resilience from traditional sectors of the economy.



News Stream
The Dow Jones Index Opens 0.53% Lower
The Dow Jones Index is losing 278 points. Losses were led by Caterpillar (-3.91%), Goldman Sachs (-3.71%) and Cisco Systems (-3.13%). Offsetting the fall, top gainers were Salesforce (3.80%), IBM (2.38%) and Microsoft (2.34%).
2026-06-26
US Stocks Pull Back on Friday
US equities were firmly lower on Friday as fresh uncertainty on the AI trade reignited selling pressure for chip producers and AI companies. The Nasdaq 100 fell 1.4%, the S&P 500 dropped 0.7%, and the Dow lost 0.3%. Hyperscale cloud providers in the Magnificent 7 held their sharp drops from the previous session on lingering concerns that AI spending may have been overdone, with Nvidia, Tesla, and Oracle dropping more than 1%. Also, memory and other chip producers came under fresh selling, trimming gains from yesterday's rally fueled by Micron's earnings results amid concerns that AI infrastructure spending will slow. Micron and Sandisk dropped 5%. Concurrently, a report indicated that OpenAI could delay its IPO, also aligned with lower spending for compute capacity. While the Dow has recently outperformed other major indices due to its higher exposure to traditional sectors instead of speculative AI companies, the movements may converge on Monday as Alphabet replaces Verizon.
2026-06-26
US Futures Turn Lower on Tech Volatility
US equity futures were firmly lower on Friday as fresh uncertainty on the AI trade reignited selling pressure for chip producers and AI companies. Contracts for the S&P 500 and Nasdaq 100 fell 0.5% and 1.2%, respectively, to two-week lows. Hyperscale cloud providers in the Magnificent 7 held their sharp drops from the previous session on lingering concerns that AI spending may have been overdone, with Nvidia, Tesla, and Oracle dropping more than 1% premarket. Also, memory and other chip producers came under fresh selling, trimming gains from yesterday's rally fueled by Micron's earnings results amid concerns that AI infrastructure spending will slow. Micron and Sandisk dropped 5%. Concurrently, a report indicated that OpenAI could delay its IPO, also aligned with lower spending for compute capacity. In turn, the Dow was close to the flatline after testing record highs yesterday to reflect resilience from traditional sectors of the economy.
2026-06-26