US stock index futures remain flat as investors digest the ongoing tech sell-off during the holiday weekend
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Glonghui, February 17th|After another brutal week for tech stocks, U.S. stock index futures were mostly flat during early Asian trading on Tuesday morning. Dow Jones futures recently rose by about 80 points, an increase of 0.2%. S&P 500 futures rose 0.1%, while Nasdaq 100 futures fell 0.2%. Gold and silver futures fell on Monday, while bitcoin remained below the $70,000 level. Crude oil futures rose by more than 1% as investors remained anxious about the possibility of U.S. military action against Iran. Most markets closed higher last Friday, but concerns over the potential disruptive impact of AI continued to weigh heavily on tech stocks, causing all three major U.S. indexes to end the week lower. The Dow Jones fell 1.2%, marking its worst weekly performance since November last year, while the S&P 500 dropped 1.4%, and the Nasdaq Composite plunged 2.1%, falling for a fifth consecutive week—the longest losing streak since 2002. U.S. markets were closed on Monday for Presidents' Day. In the coming week, the Federal Reserve will release the minutes of its last meeting on Wednesday, and another key inflation indicator—the core Personal Consumption Expenditures Index—will be released on Friday.
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