Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks
Tech names weighed on Wall Street futures early Tuesday as contracts pointed lower before the open. Investors pulled back from artificial intelligence trades while worries about a hawkish Fed path added pressure. Futures trade ahead of the main session and offer a view on where indexes may open. The shift is important since this year’s stock gains have mostly come from pricey AI stocks. With rates up, future profits get discounted harder, and borrowing costs rise for companies paying for data centers, chips and infrastructure with debt.