Nasdaq futures pulled back about half a percent Tuesday after Google was hit with a record fine of $2.7 billion by European Union regulators.
Investigations were triggered after the European Commission received dozens of complaints from U.S. and European competitors who claimed that the company abused its search market dominance to give its Google Shopping service an advantage over other retailers and create a monopoly over consumers.
Though the company was charged with distorting internet results by the EU competition authority in April 2015 it has not before faced fines for an abuse of this nature and marks a landmark for the way technology companies are regulated.
Shares of Google-parent Alphabet traded about 1 percent lower in the premarket.
Dow and S&P futures, meanwhile, pointed to a flat to slightly lower open as investors awaited data and key remarks from leading Federal Reserve members including Chair Janet Yellen.