US stock futures fall due to economic concerns and tech sector decline, signaling negative outlook.

From Investing.com: 2024-08-04 20:02:52

U.S. stock index futures fell on Sunday due to economic slowdown concerns and profit-taking in technology stocks. The dipped 0.9%, the fell 1.4%, and the dropped 0.5% by 19:28 ET.
Wall Street faced losses last week as weak economic indicators raised fears of a slowdown. Data for July showed a significant cooling in the labor market, leading to hopes for more Fed rate cuts.
Tech stocks took a hit, with the falling 2.4% and the sinking 1.8%. More Fed speakers and economic data are expected this week, along with earnings reports from companies like Caterpillar, Uber, and Disney.



Read more at Investing.com: US stock futures sink as economic jitters persist, tech rout continues By Investing.com