Pre-market outlook worsens: Futures fall as Fed signals tighter policy and tech cap-ex worries rise

Ahead of the U.S. trading session, futures for major indexes slid as markets digested comments from Federal Reserve Chair Jerome Powell that further rate cuts this year are not guaranteed and fears mount over heavy capital-expenditure by technology giants. The 10-year Treasury yield rose to about 4.10 %, and speculative momentum slowed. Tech stocks such as Microsoft Corporation and Meta were under pressure despite strong revenue, given concerns about spending and margins. Investors appeared to shift tone from growth complacency toward risk management.