Why are nasdaq futures down

On 6 November 2026, Nasdaq 100 futures experienced a notable downturn as investors reacted to the latest economic data releases and shifting expectations regarding monetary policy. The primary driver for the decline in futures trading was a sharp uptick in U.S. Treasury yields, which reached multi-month highs following a report indicating that core inflation remains stickier than previously anticipated by market analysts. This environment of rising interest rates has disproportionately pressured high-growth technology stocks, which are sensitive to borrowing costs and future earnings discounting. Furthermore, market sentiment was dampened by cautious forward guidance provided by several major semiconductor firms during their quarterly earnings calls. These companies highlighted potential supply chain bottlenecks and cooling demand in the consumer electronics sector, leading to a broad-based sell-off in pre-market trading. Investors are now bracing for upcoming labor market reports, which are expected to provide further clarity on whether the Federal Reserve will maintain its current interest rate trajectory or adopt a more hawkish stance to combat persistent price pressures.