Wall Street Preview: Investors Trim Risks In The Tech Sector

Wall Street Preview: Investors Trim Risks In The Tech Sector
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U.S. stock futures fell and shares in Europe and Asia tumbled as investors trimmed risk in the technology sector around the world following last week's pullback on Wall Street and the biggest single-day decline for Apple Inc. (AAPL) - Get Report  in more than a year on Friday. Apple was lower in premarket trading on Monday after also receiving its second downgrade in a week.

The slump in tech shares came after a note from Goldman Sachs said that low volatility in Facebook Inc. (FB) - Get Report , Amazon Inc. (AMZN) - Get Report , Microsoft Corp (MSFT) - Get Report  and Google parent Alphabet Inc. (GOOGL) - Get Report  may be blinding investors to risks including regulation and cyclicality.

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This article was written by a staff member of TheStreet.