Updated
Updated · CNBC · Jun 25
Nasdaq 100 Futures Slip 0.3% as Apple, Microsoft Price Hikes Weigh on Tech
Updated
Updated · CNBC · Jun 25

Nasdaq 100 Futures Slip 0.3% as Apple, Microsoft Price Hikes Weigh on Tech

3 articles · Updated · CNBC · Jun 25

Summary

  • Nasdaq 100 futures fell 0.3% late Thursday, while S&P 500 futures were flat and Dow futures added 91 points after another tech-led selloff.
  • Apple dropped 6% and Microsoft more than 3% after raising prices on products from iPads and MacBooks to Xbox systems, citing stronger memory demand and higher component costs.
  • That pressure pulled the Nasdaq Composite down 0.46% for a fourth straight loss—its first such streak since February—while the S&P 500 slipped 0.01% and the Dow rose 0.14% on gains in healthcare, financials and industrials.
  • For the week, the Nasdaq is on pace to lose 4.4%, versus a 1.9% drop for the S&P 500, as investors also reassess Fed-rate expectations and brace for Friday's wholesale inventories and Michigan sentiment data.

Insights

As AI monopolizes chip supply, will everyday tech gadgets become luxury items for consumers and a losing bet for investors?
Beyond raising prices, how can tech giants redesign products and supply chains to escape the AI-driven resource crunch?