Tech Weakness Slams US100 Futures Despite Trump Iran Deal Optimism

On June 4, Nasdaq futures fell 1.2% and S&P 500 futures 0.4% as AI-linked names led a sharp sell-off, with Broadcom down ~15%. This marks a reversal from the record-breaking tech rally that pushed indexes to new highs on June 1, fueled by a 25% Nasdaq surge in April-May. Former President Trump’s remarks on a potential Iran deal reduced geopolitical risk premiums, sending oil down nearly 4% and lifting broader risk appetite, yet concentrated selling in tech overshadowed the positive mood ahead of the U.S. open.