US Stock Futures Fall Further; Nasdaq 100 Futures Down 1.5%

The tech-heavy index leading the decline matters because it signals that the futures move is concentrated in growth and risk-sensitive names rather than broad de-risking across the board. That distinction shapes how the pullback reads for crypto and other risk assets, which often track Nasdaq sentiment more closely than broader equity gauges. Whether the tech-led weakness persists into the cash session, or fades as it did in prior futures pullbacks, is the open question worth watching.