US equity futures edge lower as tech rally pauses and macro risks persist

  • US equity futures slipped slightly as technology stocks paused.
  • Nasdaq 100 futures edged lower after the index posted a record-high close yesterday.
  • Chevron, ExxonMobil, Marathon, and Valero rose amid reports on diesel-export lobbying.

US equity futures were little changed Wednesday as the technology rally paused and macroeconomic risks remained in focus. Contracts tied to the S&P 500, Dow and Nasdaq 100 edged below the flatline, a day after the Nasdaq 100 posted a record-high close. Chipmakers Broadcom, Micron, Intel and Lam Research fell 1% to 2% premarket as some investors took profits after this week's sharp rally, despite renewed enthusiasm for the AI trade following positive feedback on Meta's Muse agent. Treasury yields stayed elevated as energy prices stopped declining, while banks retained their steep losses from the previous session. JPMorgan and Wells Fargo slipped slightly, whereas Chevron, ExxonMobil, Marathon and Valero advanced amid reports that the energy sector lobbied against President Trump's proposal to halt diesel exports to curb prices.

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