S&P 500, Nasdaq hit pause after tech rout with Micron in focus
US stock futures steadied Wednesday after tech stocks fell sharply, with Nasdaq 100 futures up 0.5% and S&P 500 futures up 0.1%. Investors await Micron’s earnings for AI demand signals. Cerebras shares dropped 10% after forecasting weak profit margins. FedEx shares fell on rising costs. Gold sank below $4,100 amid a liquidity selloff. Alphabet will replace Verizon in the Dow Jones on June 29, boosting AI exposure.
