US stock index futures waver as debt ceiling deadline approaches, traders cautious

The S&P 500 index futures hovered slightly below the flat level, while the Nasdaq index futures, which have a significant weighting in technology stocks, were dragged down by the decline in the semiconductor sector. Micron’s stock price fell more than 5% before the New York market opened, dragging down other chip stocks such as Nvidia and Qualcomm. Meta Platforms Inc., the parent company of Facebook, fell more than 1.5% after being hit with a record fine of 1.2 billion euros by the European Union.

In Europe, the Greek market was a highlight as strong support for Prime Minister Kyriakos Mitsotakis in Sunday’s election suggested that investment-friendly policies will continue.