Nasdaq 100 futures deepen slide, down 7.1% in 12 hours
Selling pressure kept building in after-hours trading, with Nasdaq 100 futures falling 7.1% over a 12-hour stretch, according to The Kobeissi Letter. The S&P 500 has now wiped out $5 trillion in value from its October 6 high, a sign this selloff has teeth.
The selling didn't stop at the closing bell. Nasdaq 100 futures shed 7.1% over the last 12 hours, according to The Kobeissi Letter, with losses extending through after-hours trading.
That's not a small wobble — it's a deepening rout, and the futures tape kept bleeding as the overnight session wore on. Kobeissi flagged the move as the selloff continues rather than cools.
The pain isn't limited to tech-heavy names. The S&P 500 is now down $5 trillion from its October 6 high, per the same account, a figure that captures how much value has evaporated across the broad market.
Futures trade nearly around the clock and are closely watched as an early read on where the cash market heads when it reopens. For now, the direction in the overnight session is one way: down.
TopicsNasdaq 100 · S&P 500 · @KobeissiLetter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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