US futures slide on tech losses and inflation fears
US stock index futures fell on Wednesday as technology stocks extended their decline and renewed tensions between the US and Iran weighed on market sentiment. Investors are awaiting May consumer price data which is expected to show a 4.2 percent annual increase amid concerns over potential interest rate hikes.
United States equity futures fell early morning Wednesday as heavy losses in semiconductor stocks and escalating Middle East tensions pressured markets. The Nasdaq 100 E-minis dropped 1.28% ahead of a critical inflation report that could reshape Federal Reserve interest rate expectations. Investors are rotating out of high-valuation technology shares toward defensive sectors like healthcare and consumer staples.
### Tech Sector Faces Valuation and Rate Pressure Chipmakers led the decline in early morning trading, extending a sell-off triggered by a weak outlook from BROADCOM INC. NVIDIA CORP fell 2.1%, while MICRON TECHNOLOGY INC dropped 4% as anxiety over AI monetization and high interest rates weighed on the sector.
