As rising Treasury yields put additional pressure on the market, stock futures fell on Wednesday, while Nvidia, the market leader in artificial intelligence, continued to rise.
Futures linked to the Dow Jones Industrial Average dropped by 0.7%, or 257 points. Futures on the Nasdaq 100 fell 0.9%, and futures on the S&P 500 fell 0.7%.
Continuing their upward trend from last week’s reports, Nvidia’s shares saw a minor increase in premarket trade. Nvidia experienced a 20% increase in the three trading days after the release of the study.
Before the bell, it was one of the few shining spots in the megacap tech space, with Microsoft, Meta, Tesla, and Alphabet all in the red.
Source (CNBC)