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U.S. Stock Index Futures Decline Amid Wave of Selling in Semiconductor Stocks
The global markets experienced a sharp decline in the performance of semiconductor and technology stocks, with U.S. stock index futures falling significantly. The Nasdaq 100 futures decreased by 1.6%, while semiconductor manufacturing stocks, such as Nvidia and Intel, declined by around 2-3%. Ongoing concerns over financing and spending on artificial intelligence fueled the sell-off, with Netflix's shares dropping more than 11% after disappointing earnings results. Meanwhile, oil prices rose above $80 per barrel. Military escalations between the United States and Iran also occurred, involving airstrikes on Iranian sites, which disrupted oil flows through the Strait of Hormuz amid rising international tensions.
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