Nasdaq futures slide as chip sell-off extends, S&P 500 futures drop ahead of Fed decision

InstantWhy

CNBC reports that Nasdaq futures declined as a sell-off in semiconductor stocks continued, while S&P 500 futures also dropped. The moves come as investors prepare for a week of major technology company earnings releases and a Federal Reserve policy meeting. The outlet has not provided specific figures for the futures declines, and the moves have not been independently confirmed by other news organizations.

Chip stocks are leading the weakness, extending a sector sell-off that began last week. The combination of mega-cap earnings risk and monetary policy uncertainty is compressing risk appetite in the index's most heavily weighted sector.

Nasdaq futures fell on July 28 as chipmakers extended a slide ahead of the same earnings and Fed events. Asian markets sold off sharply that day, with South Korea's Kospi plunging over eight percent. Amazon, Apple, Meta and Microsoft are all scheduled to report quarterly results this week, releasing earnings in the same window as the central bank's policy announcement.

The Federal Reserve will announce its latest policy decision this week. Amazon, Apple, Meta and Microsoft will release quarterly earnings reports in the coming days, providing the first clear picture of whether mega-cap technology spending and growth are holding up.

InstantWhy

Coca-Cola raises full-year guidance after second-quarter results

The beverage giant lifted its outlook following quarterly performance that exceeded Wall Street expectations

KO 2026-07-28 13:14

InstantWhy

Boeing shares rise despite wider-than-expected quarterly loss

The aerospace manufacturer's stock climbed even as it reported earnings that missed analyst forecasts, continu

BA 2026-07-28 13:14

InstantWhy

Boeing shares rally despite wider-than-expected loss on revenue beat and order backlog

The aerospace manufacturer's defense unit drove sales above forecasts, offsetting a commercial airplane miss

BA 2026-07-28 12:35