Tech Giants Slide in Premarket Trading as Futures Decline

Deep News12-01

The "Magnificent Seven" U.S. tech stocks fell across the board in Monday's premarket session, tracking broad declines in major index futures.

Apple dropped 0.5%, Microsoft declined 0.6%, Meta Platforms slid 1.1%, Amazon.com dipped 0.7%, Tesla Motors tumbled 1.1%, NVIDIA retreated 0.7%, and Alphabet shed 0.6%.

As of 5:50 a.m. New York time, Nasdaq 100 futures were down 0.6%, while S&P 500 futures fell 0.5%.

Bitcoin plunged 5% to approximately $86,650, signaling weakening risk appetite.

Traders also positioned for key economic data releases this week, including the ISM Manufacturing Index (Monday), ISM Services Index (Wednesday), and September's PCE Price Index (Friday).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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