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Wall Street Pauses as Tech Weakness Weighs on Futures

  U.S. stock futures were mixed as investors navigated lingering volatility following a sharp pullback in major technology names. Dow Jones futures showed a slight uptick, while S&P 500 futures hovered near flat. Nasdaq futures, however, continued to drift lower, reflecting ongoing pressure in the tech sector. The recent downturn in high‑growth technology stocks has prompted a broader shift in market sentiment, with traders rotating toward more defensive positions. Concerns about the sustainability of tech valuations and the impact of AI‑driven competition have added to the cautious mood. Attention now turns to Alphabet’s upcoming earnings report, which is expected to play a pivotal role in shaping the market’s next move. With investors eager for clarity on the company’s AI strategy and advertising performance, the results could either steady the tech landscape or deepen the current uncertainty.
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Global Markets Plunge Amid Tech Sell-Off and Economic Concerns

 

Global markets experienced a significant downturn today, with Japan’s Nikkei 225 index leading the decline, plummeting by 5.8%. This sharp drop follows a tech-driven retreat on Wall Street, where weak manufacturing data has raised concerns about the U.S. economy’s health and the Federal Reserve’s timing on interest rate cuts.

Investors are increasingly worried that the Fed may have missed its window to lower rates, potentially exacerbating economic slowdown risks. The anticipation of a crucial employment report has further fueled market anxiety, with futures for the S&P 500 and Dow Jones Industrial Average also showing declines.

The tech sector has been particularly hard-hit, with Intel’s announcement of a 15% workforce reduction adding to the market’s woes. This move is seen as a response to intense competition from rivals like Nvidia and AMD.

In Europe, major indices followed the downward trend, with Germany’s DAX and France’s CAC 40 both recording losses. The broader impact of these economic concerns is evident as markets worldwide brace for further volatility.


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