U.S. stock futures are trading mixed after the technology sector experienced a sharp decline. Major indices, including the S&P 500 and Nasdaq, closed significantly lower in the previous session, marking their steepest decline in months.
The sell-off was primarily ignited by renewed doubts surrounding artificial intelligence investments, which put pressure on the broader 'AI trade.' Companies like Meta and various chip stocks experienced declines as risk-off sentiment dominated the market.
Despite the previous day's losses, stock futures are currently mixed. Meanwhile, oil prices are reportedly rising. This is a developing story and will be updated as details emerge.
