US Futures Fall Further

2026-07-08 11:31 By Andre Joaquim 1 min. read

Futures tracking US stock indices fell on Wednesday, extending declines from yesterday as higher energy prices added to a deteriorating macroeconomic backdrop.

Contracts for the S&P 500 and the Dow fell over 1% and those for the Nasdaq 100 dropped 1.6%.

Treasury yields rose after President Trump invalidated the ceasefire with Iran following strikes by both sides, driving oil prices to surge and markets to reconsider inflationary risks.

Insights on the Fed's willingness to raise interest rates could be uncovered with minutes of the FOMC's June meeting to be released shortly.

Credit-sensitive sectors fell, with banks and industrials down premarket.

Chips also extended their rout on concerns that hyperscalers will be forced to slow spending in AI infrastructure, while reports that major Chinese companies are starting chip projects hampered the outlook on their market shares.

Micron, Sandisk, and Nvidia were sharply lower premarket, while Meta, Amazon, and Microsoft fell up to 2%.



News Stream
US Futures Fall Further
Futures tracking US stock indices fell on Wednesday, extending declines from yesterday as higher energy prices added to a deteriorating macroeconomic backdrop. Contracts for the S&P 500 and the Dow fell over 1% and those for the Nasdaq 100 dropped 1.6%. Treasury yields rose after President Trump invalidated the ceasefire with Iran following strikes by both sides, driving oil prices to surge and markets to reconsider inflationary risks. Insights on the Fed's willingness to raise interest rates could be uncovered with minutes of the FOMC's June meeting to be released shortly. Credit-sensitive sectors fell, with banks and industrials down premarket. Chips also extended their rout on concerns that hyperscalers will be forced to slow spending in AI infrastructure, while reports that major Chinese companies are starting chip projects hampered the outlook on their market shares. Micron, Sandisk, and Nvidia were sharply lower premarket, while Meta, Amazon, and Microsoft fell up to 2%.
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US Futures Edge Lower After Tech-Led Drop
US stock futures edged lower 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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