US stock futures held steady Thursday following a tech-led selloff on Wall Street, as concerns grew over stretched valuations and the durability of the AI-driven rally. On Wednesday, the Nasdaq Composite slid as much as 1.92% before paring losses to close 0.67% lower, while the S&P 500 slipped 0.24%. Megacap tech stocks weighed on the market, with declines in Palantir (-1.1%), Apple (-2%), Amazon (-1.8%), Broadcom (-2%), and Intel (-7%). Minutes from the Federal Reserve’s July meeting showed most officials favored holding rates steady, though two dissented over inflation and labor market risks. Investors now turn to Fed Chair Jerome Powell’s speech at the Jackson Hole symposium for clues on potential rate cuts. Upcoming catalysts also include weekly jobless claims, existing home sales, and earnings reports from Walmart and Workday.