US equity futures pointed to a lower open on Friday, June 26, as selling pressure in the technology sector intensified across global markets.
Nasdaq 100 futures declined by 1.1%, while S&P 500 futures fell up to 1%, signaling renewed risk aversion among investors.
The downturn overshadowed positive corporate news, including blockbuster fiscal third-quarter results from Micron Technology, which had briefly sparked optimism earlier in the week.
The broad-based retreat in tech shares reflects growing concerns over elevated valuations and rising market volatility.
Investors appear to be prioritizing profit-taking and defensive positioning over growth narratives, even in the face of strong individual earnings reports.
The sell-off marks a continuation of the pressure that has weighed on US equities since Tuesday, when Nasdaq 100 futures tumbled 2.8% and S&P 500 futures dropped 1.4%.