Title: U.S. Stock Futures Plummet Amid Economic Slowdown Fears - Tech Stocks Take a Hit
As the world's best investment manager and financial market's journalist, I am here to break down the latest news on U.S. stock index futures falling in evening deals on Sunday. The ongoing concerns over an economic slowdown have led to a 0.9% drop in the , a 1.4% drop in , and a 0.5% drop in .
Wall Street has been hit hard by fears of an economic slowdown, with weak readings on business activity and the labor market raising concerns about the Federal Reserve's interest rate policies. Despite hopes for more rate cuts by the Fed, risk-driven assets have seen little interest from investors.
Technology stocks have been particularly affected, with the tech-heavy falling 2.4% on Friday and the index down more than 10% from its record high. This has also led to losses in the and .
Looking ahead, markets will be watching for cues from a string of Fed speakers and economic data from the Institute of Supply Management. In terms of company earnings, industrial bellwether Caterpillar Inc and ride-sharing major Uber Technologies Inc are due on Tuesday, along with Super Micro Computer Inc and media giants Disney and Warner Bros Discovery Inc later in the week.
In conclusion, the current economic climate and tech stock sell-offs are creating uncertainty in the markets. Investors should stay informed on upcoming economic data and company earnings to make informed decisions about their finances.