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Barchart
Barchart
Oleksandr Pylypenko

Stocks Plunge Before the Open on Higher Bond Yields and Weak Tech Earnings

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March S&P 500 E-Mini futures (ESH25) are down -0.92%, and March Nasdaq 100 E-Mini futures (NQH25) are down -1.14% this morning as higher Treasury yields, trade war worries, and disappointing tech earnings weighed on sentiment.

Marvell Technology (MRVL) plunged over -16% in pre-market trading after the semiconductor company gave a Q1 revenue forecast that fell short of the highest estimates. Also, MongoDB (MDB) tumbled more than -17% in pre-market trading after the company issued below-consensus FY26 guidance. In addition, chip stocks fell in pre-market trading after Alibaba Group unveiled its latest DeepSeek competitor at a significantly lower price.

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