US futures slip for third session as yields and tech weigh
US equity futures fell for a third session Wednesday. S&P 500 and Dow contracts were down about 0.5%, while Nasdaq 100 neared a 1% loss as higher yields pressured growth and tech.
US equity futures were lower for a third session on Wednesday as higher yields weighed on the outlook for corporate margins and consumer demand. 5%, while renewed weakness in the tech sector pushed the Nasdaq 100 to a near 1% loss. Oil and fuel prices rose further as strikes between the US and Iran escalated, lowering the likelihood of a near-term resumption in Middle Eastern oil exports and adding to inflation concerns ahead of the Federal Reserve's meeting next week.
Risks that higher borrowing costs would hurt equity markets appeared to increase after the resilience seen since the start of the war, in part because of higher rates on soaring debt by AI hyperscalers for datacenter development. 5% on another financing round in sterling. Meta soared 5% after announcing a new AI agent.