U.S. stock index futures fall, Nasdaq 100 futures drop over 1%

U.S. equities weakened on June 26 from premarket futures into early cash trading, with technology and semiconductor shares leading declines. Before the open, Nasdaq 100 futures fell more than 1%, while S&P 500 futures dropped 0.42% and Dow futures slipped 0.08%. In early trading, the Nasdaq fell about 1.1%-1.33%, the S&P 500 lost about 0.66%-0.83%, and the Dow was down about 0.36%-0.44%, leaving the S&P 500 and Nasdaq on track for weekly losses. Chip stocks sold off as Micron, AMD and Nvidia declined, the Philadelphia SE Semiconductor index dropped 4.7%, and Onsemi fell about 19% after agreeing to buy Synaptics in an all-stock deal valued at about $7 billion. The VIX rose 8.91%, while investors also weighed inflation concerns, Apple's price increases tied to chip costs, and a report that OpenAI was considering delaying an IPO until next year.

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