Stock futures were lower Thursday after the market suffered three consecutive days of declines as the tech-powered rally faded.
Futures for the Dow Jones Industrials tumbled 123 points, or 0.4%, to 34,112. The 30-stock index slipped 0.3% Wednesday.
Futures for the S&P 500 fell 15.5 points, or 0.4%, to 4,393.75.
The S&P 500 slid 0.5% on Wednesday, marking its worst daily performance in June. The equity benchmark is now down 1% week to date, on pace to break a five-week win streak. This comes after the broader market index hit its highest level in more than a year last week.
Futures for the NASDAQ Composite sank 67.75 points, or 0.5%, to 14,976.25. NASDAQ fell 1.2% Wednesday, suffering its worst daily performance since June 7. Big winner in artificial intelligence AMD dropped 5.7% Wednesday, while Intel retreated 6%.
Investors this week are taking profits on some of the winners that have been leading the stock market's breakout. Tesla shares were down 3% in premarket trading after the second major Wall Street bank in as many days downgraded the high-flying retail trader darling that has doubled this year.
In Japan, the Nikkei 225 dropped 0.9% Thursday, while markets in Hong Kong were closed for holiday.
Oil prices cratered $1.62 to $70.91 U.S. a barrel.
Gold prices slid $5.80 to $1,939.10. U.S. an ounce.