US equities: Tech-led setback weighs on indexes – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities experienced a classic risk-off session, with major indexes pressured by a sharp sell-off in chipmakers. The NASDAQ dropped more than the S&P 500 as semiconductor weakness dragged broader benchmarks lower. Despite the decline, some chip names remain strong year-to-date. US equity futures suggest a modest recovery following the prior session’s losses.
Semiconductor slump drives broader weakness
"Ahead of those overnight developments, markets saw a classic risk-off move yesterday, with equities sliding and bonds rallying."
"Given the importance of semiconductors for US equities, that dragged down the broader indices, with the NASDAQ slumping -2.21% yesterday, whilst the S&P 500 fell -1.44%."
"Indeed, the concentration of the decline was striking, as it was the first time this year that the S&P 500 was down more than 1% on a day when majority of companies in the index were actually higher."
"And this morning, US equity futures have risen, with those on the S&P 500 (+0.17%) pointing to a modest recovery after the index fell -1.44% yesterday, while Nasdaq 100 futures are up +0.39%."
"This decline included Sandisk (-13.64%) and Micron (-13.18%) as the two worst performers in the S&P 500 yesterday, though they remain among top four performers YTD."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedge funds have just rebuilt tech long positions, but Nasdaq's key support has begun to weaken
The Nasdaq 100 Index is approaching the lower boundary of its months-long consolidation range, with futures breaking below the uptrend line and the 100-day moving average, signaling technical weakness. Hedge funds had previously made substantial purchases of tech stocks, leading to concentrated positions that amplify downside risks. AI safety controversies and energy supply risks now serve as dual catalysts. If key support levels are lost while market panic remains subdued, volatility may be subject to a reassessment.
How to Find the Next Memecoin Before It Pumps: Trend Signals, Launch Rules and AI-Assisted Research
3 Altcoins Poised for a Major Breakout Before October — XLM, SUI, SOL

XRP surges 80% in 24-hour trading volume, net ETF inflows hit $19 million
