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Futures tied to the Dow Jones Industrial Average fell 47 points, or about 0.1 percent. S&P futures slipped 0.2 percent, while Nasdaq 100 futures declined 0.3 percent.

The Dow Jones Industrial Average and the S&P 500 both posted losses for a fourth straight session, with the S&P 500 recording its longest losing streak since August. The tech-heavy Nasdaq Composite notched its fifth negative day in six sessions. Bitcoin briefly dropped below $90,000 on Tuesday before rebounding, while gold prices climbed off a one-week low.

Most sectors in the broader market finished higher on Tuesday, but major technology companies once again weighed on equities. Shares of popular artificial-intelligence plays such as Nvidia, Palantir, Microsoft and Advanced Micro Devices declined. The Technology Select Sector SPDR Fund (XLK) closed down 1.6 percent. Technology and consumer discretionary have been the weakest-performing sectors so far this month, while health care has stood out as the top performer.

Weakness in the tech sector emerged ahead of Nvidia’s much-anticipated third-quarter results, which are due after the market close on Wednesday. Analysts expect Nvidia — the largest company in the broad market index — to significantly beat Wall Street’s estimates and deliver strong sales growth, driven by demand for AI chips and related infrastructure.

In recent days, investors have been taking profits in technology stocks. That trend reflects growing concern that the AI boom has driven valuations for Nvidia and other technology hyperscalers to potentially unsustainable levels.

Investors are also looking ahead to earnings from major U.S. retailers Target, Lowe’s and TJX Companies on Wednesday morning. With a shortage of economic data in recent weeks — partly due to the U.S. government shutdown — those results could give a clearer picture of the state of consumer spending.

Asia-Pacific markets fell on Wednesday, following Wall Street’s declines, as concerns over AI valuations continued to put pressure on technology stocks.

Japan’s benchmark Nikkei 225 index traded choppily and ended down 0.2 percent, while the Topix index was little changed.

The technology sector dragged the Nikkei 225 sharply lower in early trade, led by semiconductor testing equipment maker Advantest, whose shares fell more than 4 percent, finishing 0.88 percent lower overall. Semiconductor company Renesas also slid 4.4 percent.

South Korea’s Kospi index slipped 0.54 percent, while the small-cap Kosdaq lost 0.58 percent. Index heavyweights Samsung Electronics and SK Hynix recovered part of their losses but still closed down 0.51 percent and 0.79 percent respectively. Australia’s S&P/ASX 200 index had a volatile session and ended 0.13 percent lower.

Hong Kong’s Hang Seng index fell 0.45 percent, while the mainland CSI 300 gained 0.21 percent. Shares of Chinese technology company Xiaomi listed in Hong Kong dropped more than 4 percent after the firm warned on Tuesday that smartphone prices could rise in 2026 amid higher memory chip costs driven by surging demand for AI.