Futures contracts tied to the major U.S. stock indexes slipped Monday evening after selling in Big Tech during the regular session.
Nasdaq futures slipped Monday evening after investors punished Big Tech equities during the regular session and pushed both the Dow Jones Industrial Average and the S&P 500 off record levels. S&P 500 futures traded flat, while those tied to the Dow rose about 35 points. Nasdaq 100 futures came under pressure and retreated 0.2%. Big Tech got clobbered on Monday as investors exited stocks like Apple and Microsoft, pushing the Dow Jones Industrial Average and the S&P 500 off their record highs. Both of those stocks lost at least 2% to start the week. The Nasdaq Composite suffered the worse of the selling and fell 2.5%, finishing the day at its session low. Facebook lost more than 4%, while Amazon and Netflix both dropped over 3%.
