US stock index futures were mixed before the bell as a renewed sell-off in technology stocks and mounting concerns over elevated AI-related valuations weighed on market sentiment. Dow futures edged higher by 0.16%, while S&P 500 futures slipped 0.26% and Nasdaq 100 futures fell 0.82%. The information technology sector saw severe divergence as mega-cap anchors dragged down the broader market, while specific semiconductor stocks posted rallies on Thursday. Treasury yields slid lower across the curve, with the 2-year yield falling 4.3 basis points to 4.09%, the 10-year yield dropping 2 basis points to 4.38%, and the 30-year yield slipping 1 basis point to 4.86%. Premarket gainers included Arthur J. Gallagher up 2.16%, Incyte up 2.14%, and Bunge Global up 2.01%, while decliners included ON Semiconductor down 9.37%, Micron Technology down 4.52%, and Veralto down 3.92%.
Micron Technology Inc
ON Semiconductor Corporation
Arthur J Gallagher & Co
Bunge Global SA
Incyte Corporation
Veralto Corporation