New Delhi, June 24 -- US stock futures traded modestly higher on Wednesday, 24 June, following a two-day sell-off in technology stocks, particularly semiconductor shares, which wiped out billions of dollars in market value amid mounting valuation concerns.

Futures linked to the S&P 500 rose 0.2%, attempting to recover from the recent sell-off. Nasdaq 100 futures climbed 0.5%, while Dow Jones Industrial Average futures were largely flat.

The billions of dollars in capital expenditure announced by hyperscalers have raised concerns over whether these investments will generate sufficient returns. This has triggered a sell-off in stocks that had previously benefited from the artificial intelligence (AI) trade.

Over the past two sessions, th...