Investing.com — US futures dip following a downbeat day to kick off September for Wall Street. Technology names, in particular artificial intelligence focal point Nvidia (NASDAQ:), saw their share prices slump sharply. Nvidia’s stock price further dropped in premarket trading following a report that US regulators had issued a subpoena to the company as part of a deepening investigation into possible antitrust practices.
1. Futures lower
US stock futures edged lower on Wednesday, suggesting an extension to declines on Wall Street posted in the prior session.
By 03:34 ET (07:34 GMT), the contract had fallen 80 points or 0.2%, had slipped by 23 points or 0.4%, and had lost 127 points or 0.7%.
The main averages slumped on Tuesday, in a negative start to dealmaking in September following a turbulent August. Historically, September has been one of the worst months for stocks, while traders are eyeing impending job market data that is expected to factor into the magnitude of a potential upcoming Federal Reserve interest rate cut.
Sentiment was also dented by weaker-than-expected results from the Institute for Supply Management’s monthly measure of US manufacturing activity,…
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