The S&P 500 was set for its longest losing streak since August, as a six-month rally shows signs of cracking following a $1.2 trillion selloff in cryptocurrencies and fears around stretched artificial intelligence valuations.
Futures tracking the S&P 500 were down 0.4% at 8:26 a.m. in New York after earlier dropping as much as 0.8%, putting the benchmark on course for a fourth day of declines as investors reconsider their optimistic expectations for Federal Reserve interest-rate cuts. Futures on the technology-heavy Nasdaq 100 Index also slipped 0.5%.
