Nasdaq futures sharply lower as tech sell off bleeds into global markets; South Korea's Kospi falls 10%: Live updates
U.S. stock futures are trending lower following a global rout in technology shares. Nasdaq-100 futures dropped 1.2% and S&P 500 futures fell 0.5% amid new inflation data. The S&P 500 is currently on track for its longest losing streak since August.
What changed
New data shows Nasdaq-100 futures falling 1.2% and S&P 500 futures slipping 0.5% due to inflation concerns.
Live updates
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Global Tech Sell-Off Deepens as Nasdaq and S&P 500 Futures Slide
confidence 90%U.S. stock futures are trending lower following a global rout in technology shares. Nasdaq-100 futures dropped 1.2% and S&P 500 futures fell 0.5% amid new inflation data. The S&P 500 is currently on track for its longest losing streak since August.
What's confirmed:
- Nasdaq-100 futures fell 1.2%.
- S&P 500 futures slipped 0.5%.
- South Korea's Kospi index plummeted 10%.
- The S&P 500 is on track for its longest losing streak since August.
- Nasdaq 100 Index closed down -1.09%.
Still unconfirmed:
- An OpenAI IPO delay is deepening AI fears.
- The AI trade may have finally cracked.
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Nasdaq futures sharply lower as tech sell-off bleeds into global markets
confidence 50%Nasdaq futures are sharply lower as a tech sell-off impacts global markets. The South Korean Kospi index plummeted 10%. This downturn is attributed to concerns over AI firms' capital expenditures and potential Fed rate hikes.
What's confirmed:
- Nasdaq futures are sharply lower.
- The South Korean Kospi index plummeted 10%.
- A tech sell-off is impacting global markets.
- Concerns over AI firms' capital expenditures and potential Fed rate hikes have contributed to the downturn.
Still unconfirmed:
- Losses for Korean memory chipmakers fueled AI trade doubts