Premarket: Nasdaq futures drop over 2% as AI buildout costs, Fed rate outlook weigh

Nasdaq futures fell more than 2%, leading Wall Street futures lower as investors priced in imminent U.S. rate hikes and grew wary of debt-funded corporate spending on AI. The move points to a broader risk-off shift, with monetary tightening and AI capex concerns weighing on sentiment across tech and the wider market.

Analysis

Nasdaq futures fell more than 2%, leading Wall Street futures lower as investors priced in imminent U.S. rate hikes and grew wary of debt-funded corporate spending on AI. The move points to a broader risk-off shift, with monetary tightening and AI capex concerns weighing on sentiment across tech and the wider market.