US Stock Market LIVE Updates: S&P 500, Nasdaq futures down amid selloff in AI stocks

US Stock Market LIVE Updates:

US markets extended their losses on Tuesday, with tech stocks leading the decline after months of powering Wall Street’s record rally. The Dow Jones slipped 250 points, while the S&P 500 and Nasdaq tumbled 1.2% and 2%, respectively, the latter closing 500 points lower at its session’s bottom. Futures trading also points to continued weakness, with Nasdaq and S&P 500 futures down.

The broader selloff came amid renewed concerns over stretched AI valuations, a stronger US dollar above 100, and falling cryptocurrencies — Bitcoin dropped 6%. Gold futures remained below $4,000 an ounce. On the macro front, labour market worries deepened as US job openings hit their lowest level in over four years, according to the latest JOLTS report. Investors now await ADP private payroll data and key earnings from Qualcomm, Arm, Novo Nordisk, and McDonald’s for fresh cues on market direction.

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