US stock futures slide, Nasdaq 100 futures down 1%; gold falls below $4,170

The simultaneous slide in equity futures and gold is the notable signal here: gold's typical haven bid is absent, which points to broad de-risking or liquidity-driven selling rather than a simple rotation out of stocks. The Nasdaq underperforming the Dow suggests the pressure is concentrated in rate-sensitive growth names. Whether gold's decline deepens alongside further equity weakness — rather than catching a safe-haven bid — is the open question for gauging the nature of this move.