Nasdaq futures slide on global tech weakness ahead of earnings

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Summary · why it matters

Nasdaq futures declined on Tuesday as weakness in global technology stocks weighed on sentiment ahead of a busy week of tech earnings. Dow futures rose 0.13%, S&P 500 futures fell 0.17%, and Nasdaq futures dropped 0.96%. The 2-year Treasury yield fell 3.2 basis points to 4.30%, the 10-year yield fell 3.4 basis points to 4.62%, and the 30-year yield fell 2.3 basis points to 5.12%. South Korea's Kospi fell 10.84%, adding to the pressure on technology stocks as investors looked ahead to earnings from Amazon, Meta Platforms, Apple, and Microsoft. On the economic calendar, investors will monitor the Case-Shiller Home Price Index, the FHFA House Price Index, and Consumer Confidence data.

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