Equity futures drop sharply as global technology sell-off accelerates. 6/29/26

Posted on 06/29/2026
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Equity futures dropped sharply as an overnight technology routing in Asian indices spilled over into domestic trade, forcing the E-mini Nasdaq-100 down over 2%. Semiconductor and memory stocks led the sell-off, while defensive sectors found minor safe-haven inflows following a stronger composite PMI printing of 52.2 for June. Volatility spiked across the complex with E-mini S&P 500 options trading over 10 million contracts as near-term implied volatility pushed toward 20%. Meanwhile, Bitcoin dropped back below the 62,000 level. Lastly, CME Group announced the pending launch of financially-settled single stock futures covering 50 prominent domestic listings.

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