US equity futures are trading lower ahead of Tuesday's open, signaling a difficult session for Wall Street.
The decline is being driven by renewed selling pressure in the technology sector, with investors reducing exposure amid a cloudy outlook for the industry.
Global equity markets extended their decline on Tuesday, with technology stocks bearing the brunt of the selling.
The tech-heavy sell-off reflects broader risk aversion as traders reassess valuations in the sector.
While the dollar rally and oil slump paused for breath on Thursday, showing modest reversals across currencies and commodities, the equity market's focus remains firmly on the tech correction.
The divergence between the stabilizing commodity complex and the weakening equity outlook highlights a shift in market sentiment toward growth stocks.