US stock market today: Wall Street edges lower as AI-fuelled tech rally loses steam; investors await jobs data
New Delhi, July 2 -- The US stock futures traded lower on Thursday, 2 July, as technology stocks resumed their losing streak amid growing concerns that the blistering rally in artificial intelligence (AI)-linked shares this year may have run too far, too fast.
Investors also remained cautious ahead of key US employment data, which could influence the Federal Reserve's monetary policy outlook.
Futures tied to the Nasdaq 100 fell 0.8%, while S&P 500 futures slipped 0.2%. In contrast, futures linked to the Dow Jones Industrial Average edged 0.2% higher.
In Asian trading, shares of SK Hynix Inc. and Samsung Electronics Co each plunged more than 8% in Seoul, while Kioxia Holdings Corp tumbled 14% in Japan after a blistering rally that had d...
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