ProShares UltraPro QQQ is trading 3.4% down in pre-market action as tech-heavy Nasdaq futures slide ahead of the key U.S. Employment Situation report.
- Nasdaq-100 futures (NQ) fell approximately 1.15%, signaling weaker risk appetite for growth stocks and weighing heavily on leveraged Nasdaq-exposed products.
- Markets are seeing a sharp rotation out of high-valuation technology into value and industrial names following Broadcom’s disappointing AI-revenue reaction.
- The broader semiconductor selloff continues to pressure the index as investors recalibrate expectations for AI-driven growth.