Why are futures down ? Futures slipped in early trading

Why are futures down? Futures slipped in early trading following hawkish remarks from Fed officials hinting at possible rate hikes beyond mid-year. Nasdaq futures fell 120 points as rate-sensitive mega-cap tech faced renewed valuation pressure. Either way, Reimer was soaking in the action at Little Caesars Arena. He had a friendly exchange with Dylan Larkin after Detroit’s captain scored the overtime winner. Larkin and Reimer had a friendly exchange on the ice after the game, as the two were teammates in Detroit during the 2023-24 season. Reimer spent some time after the game getting reacquainted with Red Wings staff before boarding the bus with Leafs teammates back to the airport to head back to Toronto. William Lee, chief economist at the Milken Institute, noted this shutdown could have a greater impact on the economy than previous ones. Why are futures down today in pre-market? Futures declined with Nasdaq off 0.7%, as risk sentiment soured on falling cloud software growth projections. Big-cap tech downgraded by multiple brokers contributed to broad tech pressure.