{"id":436433,"date":"2026-08-18T15:41:40","date_gmt":"2026-08-18T08:41:40","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-futures-nudge-lower-on-the-day-tech-shares-lead-declines-436433\/"},"modified":"2026-08-18T15:41:40","modified_gmt":"2026-08-18T08:41:40","slug":"us-futures-nudge-lower-on-the-day-tech-shares-lead-declines","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-futures-nudge-lower-on-the-day-tech-shares-lead-declines-436433\/","title":{"rendered":"US futures nudge lower on the day, tech shares lead declines"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Things are starting to look a bit dicey in the equities market today, with US futures extending the drop from Monday. S&amp;P 500 futures are down 0.5% while Nasdaq futures are down 1.1% currently, as tech shares lead declines so far on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The retreat in the broader tech sentiment will act as a bit of a distraction to key earnings from major retailers this week. In case you missed it:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/no-major-us-data-releases-but-this-week-will-feature-a-big-test-on-consumer-health\/\" rel=\"follow\"> No major US data releases but this week will feature a big test on consumer health<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/friday-s-us-retail-sales-number-was-soft-and-now-earnings-will-be-another-test\/\" rel=\"follow\">Friday&#8217;s US retail sales number was soft and now earnings will be another test<\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">But for today, tech shares are back under the microscope as we also see equities come under pressure amid higher bond yields. 10-year yields in the US are scaling up to 4.74% while 30-year yields are moving up to 5.33% on the day. The latter is pushing to fresh highs since 2007, as market players continue to weigh up the inflation outlook amid the situation in the Middle East.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">US-Iran tensions continue to stay heated with Trump even threatening to bomb Oman now, with him saying that they are &#8220;getting in the way&#8221; of a deal.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As such, that&#8217;s keeping investors on edge and stifling the mood in the equities space.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Here&#8217;s how some of the more prominent names are faring in overnight trade in Wall Street:<\/p>\n<ul>\n<li>Sandisk -5.7%<\/li>\n<li>Western Digital -5.2%<\/li>\n<li>Seagate -4.5%<\/li>\n<li>Micron -4.2%<\/li>\n<li>Applied Materials -3.6%<\/li>\n<li>Intel -3.3%<\/li>\n<li>AMD -2.3%<\/li>\n<li>Nvidia -1.8%<\/li>\n<li>Tesla -1.4%<\/li>\n<li>Meta -0.7%<\/li>\n<li>Amazon -0.6%<\/li>\n<li>Alphabet -0.5%<\/li>\n<li>Microsoft +0.2%<\/li>\n<li>Apple +0.3%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Memory and chipmakers are again taking a bit of a knock, and so are semiconductors. So, it circles back to the narrative that has been bugging the AI trade for a while i.e. bloating capital expenditure.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That continues to be the key issue but as we&#8217;ve seen with Q2 earnings, tech firms managed to pass that test at the balance. However, it doesn&#8217;t mean that the issue will be going away any time soon.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">For now, it&#8217;s just a minor retreat all in all after the surging run higher in early August. So, we&#8217;ll have to wait and see if there will be more to it in due time.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Things are starting to look a bit dicey in the equities market today, with US futures extending the drop from Monday. S&amp;P 500 futures are down 0.5% while Nasdaq futures are down&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436433","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436433"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}