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US stock futures drop as oil prices rise and tech shares slide

Reported by Ishita Mukherjee (Staff Writer) · Livemint - Markets ·

✓ — also reported by Economic Times - Markets

US stock futures drop as oil prices rise and tech shares slideRepresentative image · Wikimedia Commons

US stock futures pointed to a weak start on Wall Street on Monday, September 14, as key indices resumed their decline in pre-market trading. The drop came amid concerns over a potential slowdown in artificial intelligence, along with a jump in crude oil prices ahead of the US Federal Reserve meeting. Futures tied to the tech-heavy Nasdaq 100 Index fell 1.8 percent. Contracts linked to the S&P 500 dropped 0.8 percent, while those for the Dow Jones Industrial Average fell 0.3 percent. These losses followed a 0.9 percent surge on Friday that had allowed the S&P 500 to snap a four-day losing streak.

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