24H | US Equity Futures Slump With Nasdaq Futures Falling 4%; Semiconductor Shares Tumble with SOXL Dropping 15%; Super Micro, Palantir Slide About 9%
US stock futures tumbled on Monday with Nasdaq 100 futures falling 4%. President Donald Trump said he was not intentionally fueling a market selloff but gave no indication he’s preparing to claw back the tariff barrage that has wiped trillions in value from US equities.
Speaking to reporters aboard Air Force One after a weekend of golf in Florida, Trump said any deal to trim tariffs with affected nations must lead to the elimination of the US trade deficit.
“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump said as US equity futures slumped and the yen surged in a sign of deepening turmoil from the tariffs.
Semiconductor shares tumbled with SOXL falling 15%; Super Micro fell over 9%; ARM Holdings fell over 8%; ARM Holdings fell over 7%; Broadcom, AMD fell over 6%.
AI stocks sank in overnight trading; BigBear.ai fell over 13%; Super Micro, Palantir fell about 9%.
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