U.S. Futures And Global Markets Slump Led By Tech And Chipmaker Stock Rout
News Source : Forbes
News Summary
- NASDAQ Futures fall to 29,874.50 points, down more than 2.5% from Monday’s close.
- S&P 500 Futures drop 1.2% to 7,448.25 points, while Dow Futures fell 0.37% to 51,926 points.
- The u.s. Futures slump follows a massive selloff in South Korea earlier on Tuesday as the KOSPI Index dropped more than 8%—triggering a circuit breaker.
Global markets and U.S. futures slumped early on Tuesday, led by a major selloff in tech and chip stocks amid concerns about the AIdriven stock rally and potential high U.S. interest rates.
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