As U.S. futures remain mixed following a significant sell-off in semiconductor and AI stocks, global markets are feeling the impact. Yesterday’s trading session saw the S&P 500 and Nasdaq Composite indices take a hit, with major technology names like Nvidia, Super Micro Computer, Qualcomm, and Broadcom experiencing significant declines.
After-market action also saw some notable movements, with Pool Corp. and SolarEdge Technologies both experiencing drops in their stock prices. Today, investors are eagerly awaiting the release of economic reports such as Consumer Confidence for June and earnings announcements from companies like FedEx, Carnival, and TD SYNNEX.
Meanwhile, the U.S. 10-year treasury yield and WTI crude oil futures are both trending lower, indicating a cautious market sentiment. In Europe, stocks opened lower as investors react to the U.S. tech sell-off.
Over in Asia-Pacific markets, the picture is mixed. China’s stock market closed lower due to the global sell-off in semiconductor and AI companies, while Japan’s major indices saw slight gains. Hong Kong’s Hang Seng index was up, but China’s Shenzhen Component and Shanghai Composite indices experienced declines.
With economic uncertainty and market volatility on the horizon, investors are advised to stay tuned for more insights and updates on the global financial landscape.
