US equity-index futures dipped on Tuesday, signaling that the multiweek slide in technology stocks may continue as investors returned from the Presidents’ Day holiday.
Contracts for the S&P 500 Index, which has declined for two consecutive weeks and erased gains for 2026, fell 0.5%, while those for the tech-heavy Nasdaq 100 dropped 0.9%. The Nasdaq 100 has now fallen for three straight weeks, leaving it about 2% lower year-to-date.
Treasury 10-year yields edged down by two basis points to 4.03% as investors sought safer assets. Precious metals also slid, while the yen strengthened 0.3% against the dollar amid risk-averse sentiment.
Asian equities fell 0.2% in thin trading as China, Hong Kong, and several regional markets remained closed for Lunar New Year. European shares were set for a weaker open, reflecting lingering caution among global investors.
Oil prices largely held gains after Iran conducted naval drills near a key shipping route, adding geopolitical risk ahead of renewed talks with the United States.
Analysts note that technology stocks remain under pressure due to ongoing concerns about valuations and interest rate expectations, while geopolitical tensions and macroeconomic uncertainty continue to shape market sentiment.
