US equity futures fall at Wednesday’s New York close, Nasdaq 100 down 2.13%

The dispersion here is the story: a modest Dow decline against a sharply weaker Nasdaq 100 and Russell 2000 points to selling concentrated in growth and small-cap exposure rather than a broad risk-off move. That pattern typically reflects rotation or rate-sensitive pressure rather than a uniform de-risking event. Whether the small-cap and tech underperformance persists into the next session, or narrows back toward the Dow, is the open question worth watching.