Nasdaq Futures Slide 1% While Dow Futures Sink 1.2%; 2x Long VIX Futures ETF Soars 12%

Tiger Newspress
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US stock futures slid on Thursday. S&P 500 futures dropped 0.99%; Nasdaq futures slid 1.02%; Dow Jones futures sank 1.18%.

Brent crude jumped above $100 a barrel after Oman cleared all vessels from its key export oil terminal and two tankers were attacked in Iraqi waters, underscoring the broader risks to energy assets across the Middle East and overshadowing a record release from the IEA.

VIX-related ETFs jumped. 2x Long VIX Futures ETF up 12%; UVXY up over 6%; VXX, VIXY up nearly 6%.

Big tech stocks dropped in overnight trading. AMD, TSMC, Oracle, Netflix, Broadcom, Nvidia, Micron fell over 1%.

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