On Wednesday, U.S. stock futures were trading at the flatline.
The move follows Wall Street’s sell-off triggered by a steep drop in Big Tech stocks and rekindled concerns about the trajectory of rate cuts.
Futures for the S&P 500 fell less than 0.1%, and futures for the Nasdaq-100 fell 0.1%.
Futures linked to the Dow Jones Industrial Average was trading just below flat after losing 7 points.
After soaring more than 340% last year, Palantir was one of the S&P 500’s top gainers.
However, it lost more than 2% in the premarket for the third consecutive day. After HSBC downgraded Advanced Micro Devices, the chipmaker saw a 2.2% decline.
Source (CNBC)
