**Nasdaq Futures Fall Sharply as AI-Driven Tech Rally Loses Steam**
Stock index futures fell sharply on Tuesday, with Nasdaq futures leading the decline, following a day of gains fueled by an AI-driven tech rally.
S&P 500 futures dropped 0.9%, Nasdaq 100 futures fell 1.2%, and Dow futures declined 0.7%.
**Wall Street’s Quick Insights**
The downturn in Nasdaq futures is attributed to disappointment over Palantir’s outlook, despite continued momentum in AI-related deals. Palantir’s shares slipped even after posting strong quarterly results and raising guidance, as investors expressed concern over the company’s limited long-term visibility.
Additionally, a government shutdown is causing delays in important economic data releases, creating uncertainty around trade statistics and adding to market volatility.
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