Nasdaq 100 futures hammered this morning

On Friday the Nasdaq 100 was the worst performing major US stock market index in percentage terms. However, we are not talking about a huge loss here at all. The index closed 0.58% lower, compared to a 0.32% loss for the Dow Jones and 0.29% for the S+P 500. Prior to that close, the Nasdaq 100 once again balked at a new all time high on Friday (22,133 remains the record), when topping out at 21,945. It later fell back to 21,709, before closing 126 points low, at 21,774. However, this morning the Nasdaq 100 futures are getting hammered. The index futures are now lower by more than 550 points. That comes as the lower opening for stocks here in Europe deepens and there is clear risk aversion in place right now. Later this week, Wednesday could be massive for the index ahead of and after the closing bell. We have the Fed decision at 7pm GMT and then just above the the close we get what is probably the biggest group of major tech stocks all reporting their Q4 earnings at the same time. That has not happened before, but we shall see IBM, Microsoft, Meta and Tesla all reporting within the space of 5 minutes, between 9.05pm GMT and 9.10pm GMT. There will be more to add on all that lot of course. The Nasdaq 100 futures are currently pricing the opening around 21,205