US index futures fall on AI concerns and higher oil
Nasdaq-100 futures are down roughly 1.7%–1.8%, S&P 500 futures 0.7%–0.8% lower, and Dow futures 0.2%–0.3% lower. Brent is up about 3.6% above $108 after a Saudi Arabia East-West pipeline shutdown, while semiconductors face premarket pressure amid an AI-safety slowdown call.
Story updates
For today, Monday, September 14, US index futures are sharply lower as AI concerns and another oil spike weigh on risk appetite. 3%. A call from prominent AI executives to slow advanced AI development over safety concerns has sparked heavy premarket selling across semiconductors. Nvidia, Intel, AMD and Marvell are under pressure, with several chip names down 5% to 7%, while enterprise software and cybersecurity stocks are outperforming.
6% above $108 after the shutdown of Saudi Arabia's East-West pipeline, adding to inflation worries ahead of the Federal Reserve decision on Wednesday. S. economic calendar relatively light, trading is likely to be driven by AI and semiconductor selling, oil and Treasury yields, as investors position for Wednesday's expected Fed hike and Powell's guidance on whether additional tightening could follow.