
US futures are slightly down following a lackluster trading session.
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US futures are slightly down following a lackluster trading session.
US stock futures declined slightly on Thursday following two consecutive days of losses in major indices, driven by decreases in technology and banking stocks. During Wednesday's regular trading session, the Dow Jones Industrial Average dropped by 0.09%, the S&P 500 by 0.53%, and the Nasdaq Composite by 1%. Chipmakers and software companies such as Nvidia (1.4%), Broadcom (4.2%), Micron (1.4%), and Oracle (4.3%) experienced declines due to reports of Chinese authorities limiting certain US-manufactured chips and cybersecurity software. Other prominent tech companies like Microsoft (2.4%), Amazon (2.5%), and Meta (2.5%) also saw decreases. Financial stocks continued their recent downward trend, with Wells Fargo leading the decline with a 4.5% drop in response to lower revenue. Despite Bank of America (3.8%) and Citigroup (3.3%) surpassing profit expectations, they also experienced declines amid worries about President Trump's proposed restrictions on credit card interest rates.