Nasdaq futures fall 0.4% as global chip weakness hits tech stocks

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Summary · why it matters

Nasdaq futures led declines on Thursday, falling 0.4% amid weakness in global technology stocks. Dow futures slipped 0.1% and S&P 500 futures also edged down 0.1%. The technology sector came under pressure after South Korea's Kospi tumbled 7%, weighed down by a selloff in chip stocks. Treasury yields moved higher, with the benchmark 10-year yield at 4.57% and the two-year yield at 4.16%. On the economic calendar, investors will monitor initial jobless claims, retail sales, the Philadelphia Fed Manufacturing Index, and the Housing Market Index.

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