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Wall Street Futures Tumble After Bank CEOs Warn of 10-15 % Market Pullback
Bank bosses warn of a 10-15% pullback; futures slide and tech stocks lead declines.
U.S. futures slumped today after Goldman Sachs and Morgan Stanley chiefs cautioned investors that equities could face a 10-15% correction amid stretched valuations and slipping momentum. The tech-heavy Palantir Technologies (PLTR) dropped ~8.7% despite strong revenue guidance, signalling investor caution. The broader sell-off saw the Nvidia Corporation (NVDA) stock drop ~2.1% and the S&P 500 tilt into a risk-off mood even though >83% of companies beat earnings expectations. Mixed data, elevated valuations and macro risks are weighing on sentiment.