Nasdaq‑100 futures slid more than 2% as the tech selloff gathered speed. Pre‑market quotes showed Alphabet down sharply, while Nvidia and Oracle also tumbled after yesterday’s broad Big‑Tech losses. Asian markets echoed the weakness; South Korea’s Kospi plunged 10% as chipmaker Samsung dragged the index lower. The slide marks the sharpest regional drop in weeks on Tuesday for global investors.

European bourses followed suit, with the Dutch tech champion ASML shedding 5% and broader indices in the red. Investors cited growing anxiety over AI‑related spending and the Federal Reserve’s looming rate hikes, which could tighten financing for high‑growth firms. SpaceX, fresh from its lofty IPO, continued its decline ahead of the opening bell, adding to risk‑off sentiment as credit spreads widen today.

Oil prices eased after the United States temporarily lifted sanctions on Iranian crude for two months, a move that hinted at diplomatic progress. Brent futures hovered around $77 a barrel, roughly the level seen at the start of the U.S.–Israeli conflict with Iran. The combined tech and energy weakness signals short‑term pressure on risk assets ahead of the Fed’s decision and could curb speculative bets.