US stock futures dropped sharply on Tuesday, with Nasdaq 100 futures diving 1.7%, S&P 500 futures sinking 0.9%, and Dow futures sliding 0.3%, following a weak session on Wall Street. The declines came amid pressure on Big Tech, with SpaceX stock falling for a third straight day, and as ongoing US-Iran negotiations kept investors on edge despite reported progress. FedEx and Cerebras Systems are set to report earnings on Tuesday, with Cerebras delivering its first results since going public in May. Key events later this week include Micron earnings on Wednesday and the release of May's PCE report, the Federal Reserve's preferred inflation gauge, on Thursday.
Space Exploration Technologies Corp. Class A Common StockStock falling for third straight day amid Big Tech slide, but no specific cause given.
FedEx Corporation
Micron Technology Inc