The United States (US) stock futures market continued to decline on Thursday after the major averages on the S&P500, Dow Jones and Nasdaq indexes failed to sustain their recovery in the previous session.
In regular trading on Wednesday, Wall Street rose sharply at the open before falling lower, fueling concerns that the recent market selloff may not be over yet.
The Dow fell 0.6% on Wednesday, while the S&P 500 and Nasdaq Composite fell 0.77% and 1.05%, respectively.
Seven of the 11 S&P sectors ended lower, led by declines in consumer sentiment, materials and technology.
Sharp losses can be seen in Megacap technology companies such as Nvidia (-5.1%), Broadcom (-5.3%) and Tesla (-4.4%).
On the earnings side, Disney slipped 4.4% due to concerns over its parks business despite reporting its first profit in its streaming unit.
Airbnb slumped 13.4% after lowering its forecast for the current quarter. Super Micro plunged 20.1% as margins narrowed.
CVS Health fell 3.2% as it reported mixed earnings and after its CEO took over at Aetna.
