US Futures Rise After Tech-Led Drop

2026-07-08 00:16 By Jam Kaimo Samonte 1 min. read

US stock futures rebounded on Wednesday after the major indexes closed lower in the previous session, weighed down by a renewed selloff in semiconductor stocks.

Investors continued to assess escalating tensions in the Middle East and rising oil prices after the US launched fresh air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz.

Traders also looked ahead to the release of the Federal Reserve’s June meeting minutes for additional clues on the policy outlook.

In Tuesday’s regular session, the tech-heavy Nasdaq Composite fell 1.16%, while the S&P 500 and the Dow declined 0.45% and 0.25%, respectively.

Chipmakers came under renewed pressure as investors questioned whether AI hyperscalers can sustain elevated infrastructure spending.

Samsung’s 19-fold jump in quarterly profit also failed to lift sentiment, while reports that China’s DeepSeek is developing its own AI chip added to concerns across the sector.



News Stream
US Futures Rise After Tech-Led Drop
US stock futures rebounded on Wednesday after the major indexes closed lower in the previous session, weighed down by a renewed selloff in semiconductor stocks. Investors continued to assess escalating tensions in the Middle East and rising oil prices after the US launched fresh air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz. Traders also looked ahead to the release of the Federal Reserve’s June meeting minutes for additional clues on the policy outlook. In Tuesday’s regular session, the tech-heavy Nasdaq Composite fell 1.16%, while the S&P 500 and the Dow declined 0.45% and 0.25%, respectively. Chipmakers came under renewed pressure as investors questioned whether AI hyperscalers can sustain elevated infrastructure spending. Samsung’s 19-fold jump in quarterly profit also failed to lift sentiment, while reports that China’s DeepSeek is developing its own AI chip added to concerns across the sector.
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The Dow Jones Index Closes 0.25% Lower
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US Stocks Fall on Chipmakers Selloff
US stock indices closed lower on Tuesday amid a selloff in chipmakers. The S&P 500 fell 0.4%, the Nasdaq 100 dropped 1.8%, and the Dow Jones lost 131 points, pulling back from a record high. Semiconductor stocks came under pressure as investors questioned whether AI hyperscalers can justify elevated infrastructure spending. Samsung's 19-fold surge in quarterly profit failed to support market sentiment, which came under renewed pressure following reports that China's DeepSeek is developing its own AI chip. Broadcom fell 0.8%, Micron lost 4.7%, AMD retreated 6.5%, and Intel slumped 9.7%. Nvidia on the other hand, added 0.7%. Higher bond yields weighed on broader markets after attacks on tankers in the Strait of Hormuz renewed concerns over energy-driven inflation. Visa fell 1.4%, while Caterpillar lost 3.1%.
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