US stocks were mixed and most major indices finished lower amid tech weakness, although most Mag-7 stocks were notably higher – Newsquawk Daily Asia-Pac Market Open

US stocks were mixed with a clear divergence seen, and the major indices finished mostly lower, with the tech-heavy Nasdaq 100 the laggard amid broad-based weakness in semiconductor names, although the Mag-7 names notably firmed, with Meta (META +8.8%) the notable outperformer, buoyed by a Bloomberg report that the Co. plans to build a Cloud business to sell excess AI compute capacity. As such, Communications sat atop the sectoral breakdown, with Technology and Utilities at the bottom, while participants also digested data ahead of the key NFP report. Elsewhere, little came out of the US/Iran technical talks, and the crude…