Nasdaq futures decline 0.1% as tech giants weigh on market lower later Monday evening


Later Monday evening (June 23), U.S. stock index futures fell as investors rotated out of large tech stocks.
Before 10 a.m. Beijing time (10 p.m. ET), Nasdaq 100 futures dropped 0.1%, and S&P 500 futures declined 0.2%.
Among them, Alphabet fell 5%, Amazon and Meta each dropped nearly 5% and 2.3%, respectively, while Microsoft declined 3%.
SpaceX fell sharply for the third consecutive trading day, down 16%, extending its three-day decline to nearly 24%, after previously experiencing its first rebound since the IPO.
According to Bloomberg, the company announced plans to issue senior unsecured notes aimed at raising at least $20 billion for its AI initiatives.
Chip stocks provided some relief: Micron rose nearly 7% ahead of earnings, while AMD and Intel also moved higher.
Oil prices fell 3.31% to $77.90 per barrel.
Earlier, the U.S. and Iran produced a 60-day roadmap for a final agreement during talks held in Switzerland, but unresolved issues around the Strait of Hormuz and nuclear commitments remain.
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