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June 4, 2026 at 6:12 PM EDT
Updated on June 4, 2026 at 11:00 PM EDT
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US equity-index futures declined along with Asian stocks as enthusiasm for the artificial-intelligence trade cooled after driving markets to record highs this year.
Futures contracts for the Nasdaq 100 Index dropped 0.9%, indicating a third day of losses for the gauge as investors rotate out of tech stocks. MSCI’s Asian equities gauge pared some of its earlier losses as dip buyers stepped in, though it remained down 1.1%. South Korea’s Kospi — the world’s best-performing gauge this year and a bellwether for AI investments — slid 4%, with chipmakers including SK Hynix Inc. among the losers.
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