On Tuesday, U.S. stock futures saw a slight decline, indicating a continuation of the previous session’s downward trend on Wall Street. Dow Jones Industrial Average futures dropped by 43 points, or 0.1%, while S&P 500 futures experienced a 0.3% decrease and Nasdaq-100 futures fell by approximately 0.7%.
Notably, AMD shares were down 2% following reports from Bloomberg News about regulatory complications that would hinder the chipmaker from selling an AI chip to China. Similarly, GitLab shares took a significant hit, plummeting more than 20% after the software company issued a disappointing full-year forecast.
In Monday’s trading, all major indices closed in the red, with the Nasdaq Composite moving away from record highs, despite AI frontrunner Nvidia ending the day with gains.
Source (CNBC)
