US stock futures pulled back on Wednesday after earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) fell short, with investors on alert for fresh moves in the brewing US-China trade war. The tech-heavy Nasdaq 100 futures (NQ=F) led declines, down 0.8%, while S&P 500 futures (ES=F) dropped 0.5% as markets assessed the latest tech results.
The Nasdaq tanked on Monday as a Chinese startup rattled faith in US leadership and profitability in AI, taking a hammer to Nvidia (NVDA), wiping out a record $589 billion in market value. The Nasdaq Composite (^IXIC) sank more than 3%, while the S&P 500 (^GSPC) dropped nearly 1.5%. The blue-chip Dow Jones Industrial Average
The Nasdaq plunged on Monday to lead a stock rout on Wall Street as a Chinese startup rattled faith in US leadership and profitability in AI, taking a hammer to Nvidia (NVDA) and other Big Tech stocks. The tech-heavy Nasdaq Composite (^IXIC) sank roughly 3.5%, while the S&P 500 (^GSPC) tumbled over 2%. The Dow