FX.co ★ US Futures Edge Lower After Tech-Led Drop

US stock futures slipped on Tuesday, following a weak start to the week on Wall Street driven by sharp losses in technology shares. In Monday’s regular session, the S&P 500 fell 0.37% and the Nasdaq Composite dropped 1.32%, while the Dow Jones Industrial Average inched up 0.29%. Major tech names led the pullback: Alphabet declined 5%, Microsoft lost 3.2%, Amazon fell 4.8%, Broadcom slid 4.7%, and Meta Platforms retreated 2.3%. SpaceX also tumbled 16.4%, extending its losing streak to a third session after announcing a new bond issuance. In contrast, Micron gained 6.8% after revealing a strategic partnership with Anthropic. On the geopolitical front, the US granted Iran a 60-day license to sell oil on global markets, raising expectations for a quicker rebound in crude supply.