Nasdaq 100 Futures Slide as Tech Stocks Face Renewed Pressure

The Nasdaq 100 E-Mini (Dec '25, NQZ25) futures took a beating late Monday, capping off a day of sustained selling that left investors rattled ahead of crucial economic data releases. The contract shed 1.09% to settle at 25,819, marking a clear shift in sentiment after an early attempt to find footing near 26,300 went nowhere.

Futures Face Broad-Based Decline

According to a Barchart trader, Nasdaq 100 futures dropped 283 points by late session on November 4, 2025.

The selloff was driven by several converging factors:

• Rising bond yields putting pressure on growth stocks
• Disappointing corporate guidance from major tech companies
• Growing concerns that AI-related valuations had gotten ahead of themselves

The five-minute chart tells a clear story of sellers in control. After touching an early high around 26,300, the futures reversed hard and never looked back. The rest of the day was marked by steady lower highs and lower lows, with the selling intensifying into the evening session as prices broke through the 25,850 support zone.

Chart Analysis: Downtrend Gains Momentum

The intraday price action shows bears firmly in the driver's seat. The morning's modest gains evaporated quickly as the contract couldn't hold above 26,250. A brief midday pause around 26,100–26,150 gave false hope before sellers came back with force. By evening, continuous pressure drove prices to session lows near 25,819, confirming a decisive breach of short-term support. The chart offers no real signs of a reversal brewing, suggesting the bearish momentum could carry into Tuesday's session unless something changes the narrative.

Market Drivers: Rate Concerns and Tech Fatigue

The pullback reflects a broader cooling in risk appetite as investors reconsider their positions. Speculation that U.S. interest rates might stay higher for longer is hitting high-growth tech names particularly hard. Recent earnings from semiconductor and cloud computing giants haven't helped either, with profit margins squeezed by rising costs and softer global demand. After weeks of strong gains in AI and chipmaker stocks, some traders are simply cashing out.