Stock Market Today: Dow, Nasdaq Futures Sink; Tech Stocks Slide Premarket

Big shifts in global government policy are stirring markets early Thursday.

In the U.S., the dollar weakened further and stock futures dropped, suggesting indexes could reverse the rally that followed a partial rollback of tariffs Wednesday. Tech stocks stumbled, with Broadcom, Nvidia and Palantir among notable decliners, putting Nasdaq-100 futures under particular pressure.

Investors are unnerved by the day-to-day changes in the White House’s tariff policy, with delays and exceptions on the table.

Overseas, investors dumped government bonds, as Germany’s plans for a huge increase in spending rippled through markets. German bond yields extended Wednesday’s historic surge, while Japanese long-term yields hit their highest levels since 2009.

In other recent market action:

S&P 500 and Dow industrials futures fell roughly 1%, while Nasdaq-100 futures dropped more.

Global markets were mixed. The Stoxx Europe 600 edged lower. Asian indexes largely rose, with Hong Kong’s Hang Seng up 3.3%, driven by gains in Chinese tech stocks.

U.S. Treasury yields ticked higher, but less than yields in Europe and Japan.

Bitcoin traded around $90,000.

Coming up Thursday:

Broadcom and Costco are due to report earnings this afternoon.