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Tech Sell-Off Drags Markets as Futures Remain Mixed

Tech Sell-Off Drags Markets as Futures Remain Mixed

Stock futures show little change as a tech sector sell-off impacts broader markets, with Nasdaq dropping significantly.

US stock futures are largely unchanged following a significant sell-off in the technology sector. This downturn has impacted broader market indexes, with the Nasdaq experiencing a notable drop.

Major tech companies, including Alphabet and SpaceX, saw considerable losses, contributing to the market's skittishness. SpaceX, in particular, closed at its lowest point ever. While the tech sector weighed heavily on the Nasdaq, the Dow Jones Industrial Average managed to secure a slight gain.

Additionally, oil prices declined amid reports of progress in U.S.-Iran relations. The overall market sentiment reflects ongoing concerns within the technology industry. This is a developing story and will be updated as details emerge.

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