17.02.202612:50:04UTC+00US Futures Decline

US equity futures declined on Tuesday after the long weekend, as investors continued to evaluate how AI-driven disruption may affect the corporate landscape. Nasdaq 100 futures fell 0.7%, while S&P 500 and Dow Jones Industrial Average futures each slipped 0.3%.

Software-as-a-service names remained under pressure amid concerns that advances in AI automation tools could erode demand across the sector. Shares of Salesforce, Intuit, and ServiceNow traded lower in pre-market action, extending their month-to-date pullbacks.

Hardware makers that have benefited from a surge in data center capital expenditure also saw continued volatility, as skepticism grew over whether that spending will ultimately deliver the returns investors had anticipated.

In media, Warner Bros. Discovery gained more than 2% after the company revived deal discussions with Paramount, supported by an improved takeover proposal from the latter.

Performance across the broader market was mixed, even as Friday’s subdued inflation reading reinforced expectations that the Federal Reserve is likely to implement multiple interest rate cuts this year.