US equity futures traded lower on Thursday, with the Nasdaq 100 leading declines as the relentless rally in artificial intelligence stocks showed signs of fatigue.
The tech-heavy index fell 0.8%, while the broader S&P 500 dipped 0.2%, reflecting a cautious mood among investors ahead of a critical macroeconomic release.
The pullback marks a continuation of the sentiment shift that began earlier in the week.
US markets opened lower on Tuesday, signaling a distinct break in the momentum that had powered gains for months.
Wednesday’s session saw further weakness, with the Dow Jones Industrial Average posting a minimal decline and the Nasdaq Composite facing heavier selling pressure.
The broad-based nature of the decline suggests that the retreat is not limited to a few high-flying names but reflects a wider reassessment of valuations.