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 stocks amid concerns over elevated valuations.
The downturn marks a continuation of the risk-off sentiment that has gripped global markets.
Global equity markets retreated on Thursday as selling pressure in the technology sector intensified, with semiconductor shares leading the decline.
This week's weakness suggests that the rotation away from high-multiple tech names is persisting rather than pausing.
Compounding the market anxiety is a backdrop of geopolitical uncertainty.