US equities open lower as capital rotates out of memory chip stocks

Wall Street futures point to a cautious start for the session, with tech-heavy indices underperforming as investors trim exposure to semiconductor names.

By Handelsavisen Newsroom · Automated 2026-07-13 15:38 UTC · 1 min read

US equity markets are set to open in negative territory on Tuesday, with futures indicating a broad but modest pullback across major indices.

The S&P 500 futures are down approximately 0.3%, while Nasdaq-100 futures are facing steeper selling pressure, reflecting renewed caution among growth-oriented investors.

The weakness is being driven by a rotation out of "memory stocks," as capital flows away from semiconductor and memory chip manufacturers.

This sector-specific selling is weighing heavily on the tech-heavy Nasdaq, creating a divergence in performance between value and growth segments of the market.

This cautious start to the third quarter follows a record-breaking second quarter for US equities.

The current pullback suggests that investors are taking profits and reassessing risk after the strong run-up, particularly in technology and hardware sectors that have seen significant gains.