Nasdaq Futures Slide 0.85% as Samsung Falls 6.9%, Tech ETFs Under Pressure
SPY•S&P 500 futures dropped 0.13% to 7,581.50 and Nasdaq futures plunged 0.85% to 29,686.25 after Samsung shares fell 6.92%, shaking AI chip sentiment. Technology-linked ETFs and stocks such as Micron, Sandisk, Rivian and Walmart are in focus ahead of today’s open.
1. U.S. Futures Slide on Samsung Decline
S&P 500 futures fell 0.13% to 7,581.50 and Nasdaq futures lost 0.85% to 29,686.25 after Samsung’s shares plunged 6.92% on renewed concerns over AI chip demand. This sharp move in futures suggests a cautious tone for SPY at today’s market open.
2. Tech Names and ETFs in Focus
The downturn in AI-related chip names has drawn investor attention to technology-heavy ETFs and key stocks like Micron, Sandisk, Rivian and Walmart. Their performance during the session is likely to influence sector weightings and volatility in SPY.
