U.S. equity futures ticked higher on Tuesday night, offering a glimmer of recovery after a session dominated by heavy selling in the technology sector.
The S&P 500 and Nasdaq Composite futures both posted modest gains, suggesting that the immediate panic may be subsiding as traders look ahead to a critical data point.
The prior session saw a broad rout in chipmaker names, with semiconductor stocks leading the decline.
This weakness dragged down broader indices, reversing a tentative recovery that had emerged earlier in the week.
The sharp pullback in tech shares has reignited concerns about valuation pressure in the sector, which had been at the forefront of the market's recent volatility.
Attention is now squarely on Micron Technology, which is set to release its earnings report.