From Yahoo Finance: 2024-09-04 01:58:07

European and US stock futures fell as Asian equities tumbled after Nvidia Corp’s plunge. Euro Stoxx 50 contract dropped 1.3% while S&P 500 futures decreased 0.5%. Asian chipmakers like Taiwan Semiconductor and SK Hynix slid at least 4% each. The uncertainty in the market was fueled by weak Chinese data and missed US manufacturing forecasts. Soft data could lead to recession concerns while positive data could ease rate-cut expectations. Treasury yields steadied and the dollar snapped a five-day winning streak. Meanwhile, a report showed US manufacturing activity shrank in August for a fifth month.



Read more at Yahoo Finance: Stocks Tumble Most Since August Selloff, Oil Slips: Markets Wrap