US stock futures retreated on Thursday after chipmaker Micron’s outlook put a dent in tech-rally hopes, as investors braced for fresh economic data ahead of an inflation reading key to Federal Reserve policy. S&P 500 futures dropped roughly 0.2%, after rising Wednesday to close not far short of a new all-time high. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also fell about 0.2%.
Memory maker Micron's shares slid almost 6% in pre-market trading. Nvidia was down 1.6%, reviving worries of a return to the sell-off that rattled markets last week, as other AI chip stocks came under pressure. Focus is also on updates on GDP and weekly jobless claims due before the market open, a day ahead of the PCE inflation print on Friday that will influence the Fed's thinking on timing of interest-rate cuts.
Ai Ai Latest News, Ai Ai Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »