U.S. Stock Futures Decline Overnight as Chip Rally Fades; Nasdaq 100 Falls 0.36%

U.S. stock futures retreated late Thursday night after benchmark indexes closed higher on July 9, reversing course as gains in chip stocks faded. Nasdaq 100 futures fell 0.36%, S&P 500 futures declined 0.14%, and Dow futures were down 0.04% by 9:10 PM EDT.

The overnight decline came despite Thursday's rally in semiconductor stocks, which surged on SK Hynix's expected Nasdaq debut on July 10. Micron Technology gained 4.51% and Advanced Micro Devices rose over 5% at close. Oil prices also fell, with Brent crude down 0.45% to $75.96 per barrel and WTI crude declining 0.31% to $71.86 per barrel, following President Trump's comments on Iran negotiations.