1 week ago
8
Updated Tue, June 23, 2026 astatine 3:59 AM CDT 1 min read
US banal futures tumbled connected Tuesday arsenic losses for Korean representation chipmakers fueled AI commercialized doubts, piling further unit connected techs adjacent amid advancement successful US-Iran talks.
Contracts connected the tech-heavy Nasdaq 100 (NQ=F) plunged 2.2%, portion those connected the S&P 500 (ES=F) sank 1.3%. Dow Jones Industrial Average futures (YM=F), which see less tech names, slid 0.7%.
The Nasdaq is acceptable for further losses aft Big Tech players took a deed connected Monday, with Elon Musk's SpaceX (SPCX) falling for the 3rd time successful a row. A sell-off successful South Korean representation makers SK Hynix and Samsung Electronics, which sank implicit 10%, undermined the religion successful maturation prospects from AI request that has driven gains fo US banal indexes.
In the background, ongoing negotiations betwixt the US and Iran kept investors connected borderline adjacent arsenic officials reported progress.
On Tuesday, FedEx (FDX) and Cerebras Systems (CBRS) volition study earnings. Cerebras System's results volition beryllium the AI spot company's archetypal since going nationalist successful May.
The cardinal events this week see Micron (MU) net connected Wednesday and the merchandise of May's PCE study — the Federal Reserve's preferred measurement of ostentation — connected Thursday.
English (CA) · 
English (US) · 
Spanish (MX) ·