Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to be with you.

Today is Tuesday, the 3rd of March.

I'm Julie Morgan.

Futures are sharply lower before the opening bell, with weakness in tech weighing heavily on markets,

with chip stocks taking a significant

hit following a plunge in South Korea's Kaspi Index. Nasdaq 100 futures are down 2.3% leading the

declines. SMP 500 futures drop 1.7% and Dow futures are down 1.6%. In Korean trading, Samsung plunge nearly 10%,

and SK Heinex sank 11.5%. The chip stocks are Kaspi's biggest components and have led the index on a rally up more than 50% year-to-date before today's plunge.

The tech sector looked weak after MongoDB shares crashed in pre-market trade,

following the company's mixed guidance compared to Wall Street's forecast.

Traders also continue to monitor developments in the Middle East amid the ongoing U.S.-Israel-Iran conflict.

We'll take a look at one of the stocks on the biggest movers list in just a few minutes.

Amazon Web Services said that ongoing Middle East conflict has physically damaged infrastructure in its UAE and by rain regions after drone strikes hit or

struck near multiple facilities, causing structural damage and power disruptions. The company said that

in some cases firefighting efforts were necessary, which resulted in additional water damage.

In the UAE, two of three availability zones are significantly impaired.

The third zone is operating normally, but some services have been indirectly impacted

due to the dependencies on the affected zones.

In the Bahrain region, one facility has been impacted.

Customers across both regions are experiencing elevated

error rates and degraded availability for some services. AWS said it is working to fully restore

...