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U.S. stock index futures fell on Wednesday, with Nasdaq 100 futures dropping over 1% as investors sold off megacap tech and chip shares. Wall St futures slumped after a recent rally, driven by concerns that the U.S. may adopt harsher restrictions on Chinese trade. The decline in tech shares was part of a global slump. Investors shifted their focus to lagging areas of the market such as small-cap stocks.
Futures Slide As Global Tech Stocks Tumble On Fresh China Chip Trade Crackdown https://t.co/aQC81iqThR
Tech shares slumped globally, with Nasdaq futures losing more than 1% on concern that the US may adopt harsher restrictions on Chinese trade https://t.co/a9r232O1G7
🔵 WALL ST FUTURES SLUMP AFTER RALLY AS TECH STOCKS SLIDE U.S. stock index futures slid on Wednesday, with those tracking the Nasdaq 100 dropping over 1% as investors sold off megacap tech and chip shares and piled into lagging areas of the market such as small-cap stocks.… https://t.co/y4aVASuBUe
