US Stock Futures Close Lower; Nasdaq 100 Futures Fall 1.09%

The tech-heavy Nasdaq underperforming the broader market and small caps suggests the pullback is concentrated in growth and rate-sensitive names rather than a uniform risk-off move. That distinction matters for crypto and RWA markets, which have traded with a high correlation to Nasdaq futures, so the open question is whether this is a one-session de-risking or the start of a broader repricing across duration-sensitive assets.