Futures for the Nasdaq and S&P 500 indices declined by up to 1% after the recent rally in semiconductor stocks stalled. This shift in investor sentiment coincides with ongoing US-Iran peace negotiations and a ceasefire focus, which are influencing market dynamics. Additionally, market participants are awaiting the US Labor Department's upcoming report on job gains, which comes amid economic uncertainty and elevated energy prices. These factors collectively contribute to cautious trading as investors reassess risk and sector allocations in the US stock market. Chip stocks rally stalls, leading to shift in investor focus. US-Iran peace talks and ceasefire in focus.