US Futures Drop After Tech Rout

2026-07-16 23:43 By Jam Kaimo Samonte 1 min. read

US stock futures fell further on Friday after the major indexes declined in the previous session, pressured by a broad selloff in semiconductor stocks.

Investors also digested the latest corporate earnings, with Netflix plunging nearly 9% in extended trading after its results disappointed investors already concerned about slowing user engagement and intensifying competition from short-form video platforms.

During Thursday's regular session, the tech-heavy Nasdaq Composite dropped 1.4%, while the S&P 500 and Dow Jones fell 0.51% and 0.2%, respectively.

Market participants are increasingly questioning whether the lofty valuations of AI-related chipmakers remain justified given the industry's aggressive growth expectations.

Micron Technology and AMD each slumped more than 5%, while SanDisk sank over 12%, Broadcom lost about 5%, and US-listed shares of SK Hynix tumbled more than 13%.



News Stream
US Futures Drop After Tech Rout
US stock futures fell further on Friday after the major indexes declined in the previous session, pressured by a broad selloff in semiconductor stocks. Investors also digested the latest corporate earnings, with Netflix plunging nearly 9% in extended trading after its results disappointed investors already concerned about slowing user engagement and intensifying competition from short-form video platforms. During Thursday's regular session, the tech-heavy Nasdaq Composite dropped 1.4%, while the S&P 500 and Dow Jones fell 0.51% and 0.2%, respectively. Market participants are increasingly questioning whether the lofty valuations of AI-related chipmakers remain justified given the industry's aggressive growth expectations. Micron Technology and AMD each slumped more than 5%, while SanDisk sank over 12%, Broadcom lost about 5%, and US-listed shares of SK Hynix tumbled more than 13%.
2026-07-16
The Dow Jones Index Closes 0.20% Lower
The Dow Jones Index decreased 105 points or 0.20 percent on Thursday to close at 52554 points. The decline was led by Goldman Sachs (-5.02%), Alphabet (-4.64%) and Caterpillar (-4.15%). On the upside, the strongest performers were Nike (4.04%), IBM (3.90%) and Salesforce (3.36%).
2026-07-16
US Stocks Finish in the Red
US stocks closed lower on Thursday, as weakness in the semiconductor sector and geopolitical risks overshadowed solid corporate results. The S&P 500 dropped 0.5% and the Nasdaq 100 lost 1.5%, while the Dow fell 0.2%. Investors are increasingly questioning whether current valuations of AI-driven chipmakers still justify the highly optimistic growth expectations surrounding the industry. Micron Technology and AMD tumbled more than 5% each. SanDisk slipped over 12% and Broadcom shed about 5%, while US-listed shares of SK Hynix plunged more than 13%. The selling spread across Big Tech, with Alphabet falling over 4% amid reports that it had postponed the release of its most advanced AI model, Gemini 3.5 Pro. Meta Platforms, Nvidia, and Amazon also posted losses. Meanwhile, UnitedHealth topped earnings estimates and issued a stronger-than-expected 2026 earnings outlook. Netflix reported quarterly revenue of $12.56 billion, a 13% increase from a year earlier, just shy of estimates.
2026-07-16