United States stock futures were little changed in overnight trading on Monday (Tuesday AEDT) after the S&P 500 posted back-to-back losses, as selling pressure across the technology sector weighed on market sentiment.
By 10:45 am AEDT (11:45 pm GMT), Dow Jones Industrial Average futures and S&P 500 futures were trading broadly flat, while Nasdaq 100 futures edged 0.1% lower.
In the previous regular trading session, U.S. equities closed lower across the board.
The Dow fell 0.5%, the S&P 500 declined 0.4% and the tech-heavy Nasdaq Composite dropped 0.5%, as investors trimmed exposure to some of the year’s strongest-performing technology stocks.
Artificial intelligence-related names led the sell-off, with Nvidia sliding more than 1% and Palantir Technologies dropping 2.4%.
Oracle fell 1.3%, while Tesla tumbled more than 3%, adding to pressure on the consumer discretionary and technology sectors.
Looking ahead, investors will be watching for U.S. home price data, along with the release of minutes from the Federal Reserve’s December policy meeting, which could offer further insight into the central bank’s outlook for interest rates.
Market activity is expected to thin toward the end of the week, with U.S. financial markets set to close on Thursday for the New Year’s Day holiday.
