U.S. stock markets faced significant pressure as tech stocks continued to decline, led by fears surrounding AI spending and broader volatility in the tech sector. Nasdaq futures fell sharply, contributing to a broader market slump, with major companies like NVIDIA and Intel posting losses. Meanwhile, oil prices dropped to pre-war lows, further complicating market dynamics. The selloff has been felt globally, with Asian markets also experiencing significant declines. Despite some mixed signals and minor gains in sectors like energy, the overall sentiment remains cautious as investors react to the ongoing turbulence in tech stocks and concerns about rising interest rates.