Wall Street Preview: Investors Turn to Tech Stocks

U.S. stock futures suggested Wall Street would rise slightly on Wednesday, Sept. 6, following a sharp selloff on Tuesday, Sept. 5, that was triggered by new developments in the North Korea-U.S. conflict.

The Dow Jones Industrial Average tumbled 1.07%, or 234 points, on Tuesday, while the S&P 500 fell 0.76% and the Nasdaq slid 0.93%. The Volatility Index, otherwise known as the fear index, spiked more than 38% on Tuesday, the largest daily increase since Aug. 10.

The threat of military action from North Korea increased over the weekend after the rogue nation successfully conducted its sixth nuclear test on Sunday, Sept. 3.

Wall Street also came under pressure from a number of big-industry deals. United Technologies Corp.  was the worst performer on the Dow, falling 5.7% on Tuesday, after agreeing to buy airplane parts maker Rockwell Collins Inc. (COL) .

A story late Tuesday in the New York Post, citing sources, said Goldman Sachs Group Inc. was pitching aerospace giant Boeing Co. (BA) - Get Report  to make a rival bid for airplane parts maker Rockwell Collins.

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