Nasdaq Futures Plunge as Chip Selloff Deepens; Netflix Sinks on Disappointing Forecast
• Nasdaq 100 E-Mini futures (NQU26) dropped 1.61% this morning, driven by a deepening global selloff in semiconductor stocks and a decline in Netflix shares following a disappointing forecast. • Economic indicators for June are expected to show a downturn, with the import price index projected to fall 0.7% m/m and the export price index to decrease 0.4% m/m. • The market volatility comes as investors await earnings reports from other major companies, including regional bank Truist Financial and insurer Travelers (TRV).
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