Nasdaq futures fall 2% as global chip sell-off deepens

Nasdaq futures fell 2% in overnight trading, driven by a global sell-off in semiconductor stocks. The decline follows a drop in chipmakers that dragged the broader market lower, compounded by continued U.S. military strikes on Iran. The sell-off reflects investor concerns over escalating geopolitical tensions and their potential impact on supply chains and tech sector earnings. The moves come amid heightened volatility in global markets, with investors rotating away from risk assets. No specific company or index level was cited beyond the headline figure.

Global Impact

The sell-off has immediate economic and geopolitical dimensions. Economically, a sustained decline in semiconductor stocks could weigh on the broader tech sector, which drives a significant portion of U.S. market capitalization.