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StocksMedium•17 February 2026•

1 min read

US Futures Slide as AI and Tech Selloff Resumes After Holiday

A man in a suit over a stock chart with 'Mondelez International' text, surrounded by chocolate, cocoa beans, factories, and shops.

US equity futures declined sharply as trading resumed following the President's Day holiday, driven by a renewed selloff in technology and AI-related stocks. Nasdaq 100 futures fell by 1.0%, while S&P 500 futures dropped 0.5%, signaling a cautious start for Wall Street. All members of the 'Magnificent Seven' group traded lower in premarket sessions, with Nvidia (NVDA) and Alphabet (GOOGL) leading the declines. The bond market saw a bull flattening of the yield curve as yields fell between 1 and 3 basis points, while the US Dollar index edged higher. Investors are now shifting their focus toward upcoming macro data, including the PCE inflation gauge and Flash PMI reports due later this week. This broad retreat in mega-cap tech stocks suggests a significant shift in near-term market sentiment and potential for increased volatility.