US Futures Edge Lower With AI Spending in Focus: Markets Wrap
Global equities are declining as investors sell AI-related shares amid growing concerns over spending. US futures for the Dow, S&P 500, and Nasdaq are set to fall, while Wall Street has hit two-week lows. Asian markets also slipped, with the Kospi dropping 5.2%. This downturn coincides with rising bond yields and oil price volatility. Investors are currently cautious ahead of Nvidia earnings and a meeting of US economic officials at Jackson Hole. The tech sector is now approaching its longest losing streak since 2022.
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- โ US futures for the Dow, S&P 500, and Nasdaq are expected to fall.
- โ The Kospi index decreased by 5.2%.
- โ Global shares are mostly declining due to heavy selling of AI-related stocks.
- โ Wall Street has reached two-week lows.
What changed
Asian stocks fell and US futures dipped as AI spending worries intensified ahead of Nvidia earnings.
Live updates
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Global Stocks Slide as AI Spending Concerns Trigger Tech Selloff
Global equities are declining as investors sell AI-related shares amid growing concerns over spending. US futures for the Dow, S&P 500, and Nasdaq are set to fall, while Wall Street has hit two-week lows. Asian markets also slipped, with the Kospi dropping 5.2%. This downturn coincides with rising bond yields and oil price volatility. Investors are currently cautious ahead of Nvidia earnings and a meeting of US economic officials at Jackson Hole. The tech sector is now approaching its longest losing streak since 2022.
Why it matters
The market is reacting to uncertainty regarding the long-term return on artificial intelligence investments. Market participants are specifically awaiting guidance from Nvidia and the Federal Reserve to determine future valuation trends.
What is confirmed
- US futures for the Dow, S&P 500, and Nasdaq are expected to fall.
- The Kospi index decreased by 5.2%.
- Global shares are mostly declining due to heavy selling of AI-related stocks.
- Wall Street has reached two-week lows.
- The tech sector is heading for its longest losing streak since 2022.
Still unconfirmed
- Oil prices have jumped.
- Oil prices have declined.
- A robotics IPO is soaring.
- Canada tariffs are a focus for futures.
What to watch next
- Nvidia earnings report
- Federal Reserve meeting at Jackson Hole
confidence 90%Sources used for this update (13)
- Bloomberg.com โ US Futures Edge Lower With AI Spending in Focus: Markets Wrap
- Bozeman Daily Chronicle โ Shares fall in Asia, with Kospi down 5.2%, while oil prices jump
- StartupHub.ai โ Asia's AI Trade Struggles as Robotics IPO Soars
- CNBC TV18 โ Asian stocks slip as AI worries mount ahead of Nvidia earnings, Fed meet
- CIProud.com โ World shares mostly decline, hit by heavy selling of AI-related shares
- Morningstar โ Market Wrap: Stocks Fall as Industrials and Utilities Decline
- MarketWatch โ Tech sector heads for longest losing streak since 2022
- TradingView โ Tech selloff pulls Wall Street to two-week lows as oil and yields climb
- apnews.com โ Asian shares mostly decline as bond market pressure mounts
- WSJ โ Stock Market Today: Tech Stocks Under Pressure โ Live Updates
- Investor's Business Daily โ Futures Waver; Nvidia, Canada Tariffs In Focus
- MarketWatch โ Stock Market Today: Dow, S&P 500 and Nasdaq set to fall ahead of Nvidia earnings and Jackson Hole
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