FX.co ★ US Futures Edge Lower After Weak Session

U.S. stock futures experienced a slight decline on Thursday following a consecutive two-day drop in the major indices, hit by reductions in technology and bank stocks. During Wednesday's session, the Dow Jones Industrial Average fell by 0.09%, the S&P 500 decreased by 0.53%, and the Nasdaq Composite declined by 1%. The technology sector faced challenges, with semiconductor and software companies such as Nvidia (-1.4%), Broadcom (-4.2%), Micron (-1.4%), and Oracle (-4.3%) experiencing losses after reports emerged about Chinese authorities limiting certain American-made chips and cybersecurity software. Additionally, tech giants saw declines; Microsoft slipped by 2.4%, Amazon fell by 2.5%, and Meta registered a 2.5% drop. The financial sector continued its downward trend, highlighted by Wells Fargo's 4.5% decrease due to weaker revenue figures. Meanwhile, despite surpassing profit expectations, Bank of America fell by 3.8% and Citigroup declined by 3.3%, amid unease over former President Trump's suggested cap on credit card interest rates.