Stocks slid in a broad retreat from riskier assets as a slate of technology earnings fell short of elevated expectations and escalating hostilities in the Middle East pushed oil prices higher.
Nasdaq 100 futures retreated 1.8%, threatening to erase much of the index’s 2.2% gain this week. S&P 500 contracts fell 1.1%. A disappointing outlook from chip-equipment maker Lam Research Corp. sent its shares more than 7% lower in early trading. Tesla Inc. dropped 4.9% after cutting back on spending plans.
