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Nasdaq 100 futures fell 2.6%, S&P 500 futures dropped 1.1%, and Dow Jones futures slipped 0.1% as investors pulled out of technology and AI stocks amid concerns about returns on investment. Amazon shares fell 6% after results and revenue came in below expectations, while Intel dropped about 24% on a weak outlook and a slowdown in the PC market. Losses also weighed on chipmakers’ shares. By contrast, consumer staples and health care stocks rose, including Procter & Gamble, Walmart, Coca-Cola, Johnson & Johnson, and Merck, each gaining about 2%.
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