A retreat in high-flying technology stocks is dragging equities lower as traders wait for US inflation data. Brent rose for a third straight day, with the ceasefire in the Middle East appearing increasingly fragile.
Nasdaq 100 futures slipped 0.8% after a rally in chipmakers pushed the index to back-to-back record highs. S&P 500 contracts fell 0.4%. Fears of new taxes on AI profits roiled Samsung Electronics Co. and SK Hynix Inc. in South Korea. The tech sector also underperformed in Europe as the Stoxx 600 fell 0.9%.
