Chipmakers Under Pressure; Saudi Arabia Intercepts Missiles

US equity futures fell as a selloff in chipmakers pressured markets ahead of bank earnings. Saudi Arabia intercepted more ballistic missiles launched by Yemen's Houthis, targeting Riyadh and Khamis Mushait. Nandan Nilekani of Infosys spoke at the Bloomberg New Economy Forum, and Seema Shah of Principal Asset Management previewed bank earnings on Bloomberg Brief.