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.



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