US equity futures are trading lower ahead of the Wall Street open, signaling a difficult session for investors.
The decline is being driven by renewed selling pressure in the technology sector, with investors reducing exposure to semiconductor names amid ongoing market volatility.
The tech-heavy Nasdaq 100 futures led the decline, reflecting broader caution among growth stocks.
This marks a continuation of the recent downturn in chipmakers, as traders digest mixed signals from the sector and weigh upcoming corporate results.
Market attention is now fixed on Micron Technology, which is set to report earnings later this week.
The memory chipmaker's results are expected to provide critical insight into demand trends for AI-related hardware and enterprise spending, serving as a key barometer for the wider semiconductor industry.