US Futures Edge Lower After Tech-Led Selloff

2026-08-18 23:54 By Jam Kaimo Samonte 1 min. read

US stock futures edged lower on Wednesday after the major averages declined in the previous session amid heavy selling in semiconductor and other technology stocks.

Rising global bond yields and firmer oil prices also dampened sentiment, with the 30-year Treasury yield reaching a 19-year high this week.

On the geopolitical front, the US and Iran showed little indication of reaching an agreement to end the conflict and reopen the Strait of Hormuz in the near term.

In regular trading on Tuesday, the Dow fell 0.22%, the S&P 500 declined 0.69% and the Nasdaq Composite plunged 1.33%, with all three benchmarks losing ground for a third consecutive session.

AI-linked chipmakers suffered steep losses, including Micron (-7%), Sandisk (-9%), Nvidia (-2.3%), Intel (-6.6%) and AMD (-4.3%).

Investors now await minutes from the Federal Reserve’s July meeting, along with earnings reports from major retailers including Target, TJX and Lowe’s.



News Stream
US Futures Edge Lower After Tech-Led Selloff
US stock futures edged lower on Wednesday after the major averages declined in the previous session amid heavy selling in semiconductor and other technology stocks. Rising global bond yields and firmer oil prices also dampened sentiment, with the 30-year Treasury yield reaching a 19-year high this week. On the geopolitical front, the US and Iran showed little indication of reaching an agreement to end the conflict and reopen the Strait of Hormuz in the near term. In regular trading on Tuesday, the Dow fell 0.22%, the S&P 500 declined 0.69% and the Nasdaq Composite plunged 1.33%, with all three benchmarks losing ground for a third consecutive session. AI-linked chipmakers suffered steep losses, including Micron (-7%), Sandisk (-9%), Nvidia (-2.3%), Intel (-6.6%) and AMD (-4.3%). Investors now await minutes from the Federal Reserve’s July meeting, along with earnings reports from major retailers including Target, TJX and Lowe’s.
2026-08-18
The Dow Jones Index Closes 0.22% Lower
The Dow Jones Index dropped 116 points or 0.22 percent on Tuesday to close at 53344 points. Losses were led by Caterpillar (-4.31%), Nvidia (-2.37%) and Boeing (-1.36%). Offsetting the fall, top gainers were Salesforce (4.05%), J&J (3.30%) and Nike (2.46%).
2026-08-18
US Stocks Slide on Chipmaker Selloff
US stock indices closed lower on Tuesday amid a selloff in chipmakers and elevated bond yields. The S&P 500 fell 0.7%, the Nasdaq 100 lost 1.7% and the Dow shed 116 points. Long-term yields slipped from recent peaks but remained near multi-year highs as inflation risks and surging bond issuance by AI companies fueled uncertainty over term premia. Inflation concerns were magnified by further increases in energy prices as the US signaled a prolonged blockade of Iranian tanker exports. Chipmakers tied to the AI trade posted sharp losses, with Nvidia down 2.3%, Broadcom shedding 3.2%, Micron losing 7% and AMD retreating 4.3%. Intel tumbled 6.6%, while Sandisk sank 9%. Other major AI companies also closed lower, with Meta losing 4.4%, Tesla down 0.7% and Oracle shedding 2.7%. Credit-sensitive financial stocks came under pressure, with Goldman Sachs (-1%) and Citigroup (-0.6%) closing lower. Home Depot shed 0.3% despite beating earnings estimates amid elevated borrowing and housing costs.
2026-08-18