Nasdaq, S&P 500 futures fall as Alphabet leads retreat in mega-cap stocks

- Nasdaq and S&P 500 futures fell on Wednesday, led by a slide in Alphabet on weak growth in its cloud division, while other mega-cap tech stocks also felt the pressure of rising U.S. Treasury yields and investors fretted over the Israel-Hamas conflict.

At 5:09 a.m. ET, Dow e-minis were up 8 points, or 0.02%, S&P 500 e-minis were down 19.5 points, or 0.46%, and Nasdaq 100 e-minis were down 105.25 points, or 0.71%. Amid concerns the conflict will spread across the Middle East, Israel's military said its jets struck Syrian army infrastructure and mortar launchers in response to rockets launched from Iran ally Syria.

A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free 'This makes me so mad': Kevin Hart, Mark Cuban regret passing on the chance to invest in this multibillion-dollar company in its early stages — here's why it haunts them to this day

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Nasdaq, S&P 500 edge up after 10-year Treasury yield briefly tops 5%: Stock market news todayThe 10-year Treasury yields passed a key milestone, underlining the 'new normal' of higher-for-longer rates.
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