U.S. futures are pointing to a lower open, caught in a global selloff driven by a deepening rout in semiconductor stocks and rising geopolitical tensions. The negative sentiment follows sharp declines in Asian markets overnight.
Stocks to Watch:
- Netflix, Inc.: Shares dropped 9.68% in premarket trading after its Q2 earnings report forecasted slower Q3 revenue and profit growth than anticipated.
- NVIDIA Corporation: Fell 2.4% as the AI chip sector faces a deepening sell-off and valuation reassessment, impacting the broader technology market.
- Abbott Laboratories: Jumped 10.71% after reporting stronger-than-expected Q2 earnings and raising its full-year forecast.
- UnitedHealth Group: Rose 7.8% following strong Q2 results and an increased full-year 2026 adjusted earnings outlook.
Looking ahead, traders will be closely watching today's Housing Starts and Consumer Sentiment data for further direction. Weaker-than-expected figures could intensify the ongoing tech selloff.