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Wall Street heads lower in premarket trading as tech stocks appear poised for more losses

On Tuesday, Wall Street futures pointed to early losses with all of Big Tech's 'Magnificent Seven' down in premarket trading, with Nasdaq futures tumbling 0.9%.
Amid a holiday-shortened week, U.S. markets were closed on Monday, reducing the trading calendar and increasing caution ahead of earnings reports and government economic releases.
Netflix granted a seven-day waiver allowing Warner Bros. Discovery to reopen talks with Paramount Skydance, while Bitcoin fell 1.4% to just under $68,000.
European shares were mixed after a quiet day in Asia, where most markets were closed for Lunar New Year holidays, reflecting uneven global reaction and regional pressure from a 5.1% drop in SoftBank Group shares and Nikkei slipping to 56,566.49.
Coming later this week is the government's latest inflation report and the first estimate of fourth-quarter performance, both likely to draw market attention.

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Wall Street heads lower in premarket trading as tech stocks appear poised for more losses

By YURI KAGEYAMA and MATT OTT, AP Business Writers Wall Street pointed toward more losses before the opening bell Tuesday, kicking off a holiday-shortened week of trading that will bring more earnings reports and some highly-anticipated economic releases. Futures for the S&P 500 were down 0.5% in premarket trading, while futures for the Dow Jones Industrial Average edged 0.3% lower. Futures for the technology-heavy Nasdaq tumbled 0.9% Tech stock…

15 hours ago·Hartford, United States

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