Markets
Tech sell-off pressures US futures as oil reaches five-month high
US stock-index futures slipped after a sharp technology sell-off, while Brent crude briefly rose above $114 a barrel amid renewed Middle East tensions. The Nasdaq 100 had fallen 2.9% the previous session as investors questioned the returns from heavy AI spending, despite solid results from Meta and Tesla. Semiconductor and AI-cloud shares were hit particularly hard, and the pressure spread into Asian markets. Treasury yields fell as investors sought safety.
Editorial summary · Publisher article
What matters
- The Nasdaq 100 fell 2.9% in the prior session, while the semiconductor ETF lost nearly 7%.
- Tesla lowered its annual capital-spending estimate to $20 billion from $25 billion.
- Brent crude reached $114.72 before easing, after reported attacks and maritime incidents in the region.
Context & caveats
- The futures figures are a snapshot from early Friday trading and can change during the session.
Why this made the edition
The report supplies a timely market snapshot with index moves, sector losses, oil prices and named catalysts. It is useful market news, although the geopolitical account and price movements are presented briefly.
Source material