Speed Reads

Stocks and markets

Tech stocks under pressure again Monday after Friday's plunge

U.S. stock futures edged down ahead of the start of the week's trading on Monday, with technology shares losing the most as they appeared headed for a second straight day of declines after Friday's plunge. The tech-heavy Nasdaq-100 was down by 0.6 percent early Monday, while the S&P 500 lost 0.2 percent and the Dow Jones Industrial Average about 0.1 percent. "All eyes will be on the U.S. tech giants when the U.S. stock markets open," said Kathleen Brooks, research director at City Index, in a note. "A second session of hefty losses for the Nasdaq and U.S. tech sector could spook the markets this week, so if we don't get a recovery then we may see a broader decline in growth assets."