Equity index futures fell as chip stocks faced pressure
Equity index futures fell on Tuesday as market jitters increased following a brief record high for the Dow Jones Industrial Average. The Nasdaq-100 and semiconductor sectors faced notable selling pressure, with major tech stocks like Micron and Marvell leading the decline. Concurrently, the U.S. trade deficit expanded to nearly $78 billion in May, up from a revised $54 billion in April, driven by a drop in exports and an increase in imports. In the options market, E-mini S&P 500 put options volume rose by over 67% off the holiday weekend, and the Russell 2000 saw heightened near-term call option activity. Meanwhile, Bitcoin moved higher into the green, hovering near $64,000 despite a major crypto liquidation filing by MicroStrategy.
Equity index futures fell on Tuesday as market jitters increased following a brief record high for the Dow Jones Industrial Average.
The Nasdaq-100 and semiconductor sectors faced notable selling pressure, with major tech stocks like Micron and Marvell leading the decline.
Concurrently, the U.S. trade deficit expanded to nearly $78 billion in May, up from a revised $54 billion in April, driven by a drop in exports and an increase in imports.
In the options market, E-mini S&P 500 put options volume rose by over 67% off the holiday weekend, and the Russell 2000 saw heightened near-term call option activity.
Meanwhile, Bitcoin moved higher into the green, hovering near $64,000 despite a major crypto liquidation filing by MicroStrategy.