United States equity futures traded near the flatline on Monday night (Tuesday AEST) after a broad tech sell-off weighed on sentiment during the prior session.
By 9:45 am AEST (11:45 pm GMT), Dow futures were flat, S&P 500 futures were down 0.2%, and Nasdaq 100 futures slipped 0.3%.
During the regular trading session, weakness in the technology sector drove declines across major indices.
The S&P 500 fell 0.4%, while the Nasdaq Composite dropped 1.3%. The Dow Jones Industrial Average, however, rose 0.3%.
Investors continued rotating out of large-cap technology names, with the “Magnificent Seven” group under pressure. Amazon fell nearly 5%, while Meta Platforms declined 2%.
Alphabet dropped 5%, marking its worst daily performance in over a year, amid renewed concerns about talent outflows after two senior artificial intelligence researchers reportedly left for rival firms.
SpaceX fell 16%, extending losses for a third consecutive session.
In energy markets, oil prices eased after Qatar and Pakistan issued a joint statement indicating that the United States and Iran had made progress in talks held in Switzerland, with the aim of reaching a final agreement within 60 days.
The update also included steps toward establishing a committee and reducing military activity in Lebanon.
The U.S. Treasury later authorised the sale of Iranian oil through August, helping push crude prices toward session lows.
Attention now turns to upcoming earnings from Carnival and Korn Ferry, due before the opening bell.
Investors will also focus on preliminary June S&P Global PMI readings for manufacturing and services, which are expected to provide fresh signals on the health of global economic activity and demand conditions.
