U.S. stock futures declined on Friday, weighed down by declines in technology stocks and rising U.S. Treasury yields.
The move came after a summit between President Donald Trump and Chinese President Xi Jinping concluded without major policy breakthroughs, fueling investor concerns.
S&P 500 futures dropped 1.2%
Nasdaq-100 futures declined 1.6%
Dow Jones Industrial Average futures fell 440 points, or 0.9%
Investors appeared to take profits in technology stocks after recent strong gains.
Notable declines in the tech sector included a 4% drop in Intel, and a 3% decline in Advanced Micro Devices and Micron Technology.
Nvidia also fell 2%. Meanwhile, Cerebras Systems, which surged 68% on Thursday following its Nasdaq debut, dipped 3%.
Source (CNBC)
