Dow, S&P 500, and Nasdaq 100 futures slipped as rising oil prices pushed Treasury yields higher and AI-related growth stocks faced renewed selling pressure.
Nasdaq 100 futures fell 0.6% led by chip and memory stock selloff on AI concerns.
Dow futures dropped 338 points amid AI slowdown fears and rising bond yields.
S&P 500 futures declined 0.5% as tech selloff broadened.
Oil prices rallied, contributing to higher bond yields and equity pressure.
U.S. stock futures retreated Tuesday as the 10-year Treasury yield climbed above 5% amid a broader market selloff. Investors are reacting to warnings from tech leaders regarding the pace of AI development, which triggered a sharp decline in semiconductor and memory stocks.
Futures are lower due to a combination of rising 10-year Treasury yields, higher oil prices, and investor anxiety over the rapid pace of AI development.