Wall Street set to stabilise after multi-trillion dollar tech plunge - Reuters

US equity futures pointed to a steadier open on Wall Street following a sharp selloff in technology shares that erased trillions of dollars in market value, Reuters reported. The move suggests investors were pausing for breath after a bout of heavy selling rather than signalling a decisive change in direction.

The scale of the tech decline matters because mega-cap technology stocks carry outsized weight in major indices, so their swings can move broad benchmarks and spill over into other sectors. A stabilisation, if sustained, would indicate that selling pressure is easing, though futures are an early signal and can shift before the cash market opens.

What to watch: whether the rebound holds through the session, how the largest tech names trade relative to the wider market, and whether volatility measures retreat. For longer-term investors, episodes like this are a reminder that concentration in a handful of stocks amplifies index-level risk — and that daily moves, however dramatic, are best read alongside fundamentals rather than in isolation.