Tech Selloff Hits S&P 500 & Nasdaq Futures Hard

 Source: Global Finance News

Reporter: MD Rubel Islam 

Published: Nov 21 , 2025 — 5:43 PM (GMT+6)

Tech selloff continues to drag S&P 500 and Nasdaq futures as major stocks like Nvidia, AMD, Meta, and Microsoft face sharp premarket declines.

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Main Point 

• The S&P 500 and Nasdaq futures came under pressure as the ongoing tech selloff intensified. Major technology stocks slumped sharply, increasing market volatility and raising concerns about broader weakness across Wall Street.

• Uncertainty surrounding the Federal Reserve, interest rates, inflation, and the overall U.S. economic outlook pushed investors into a risk-off mood. Declines across AI stocks, mega-cap tech, semiconductor shares, and rising Treasury yields added further downward pressure on the market.

• Heavy selling in giants like Apple, Nvidia, Microsoft, Amazon, Tesla, and Alphabet contributed to deeper market losses. Weak economic indicators, job data, and mixed earnings reports limited recovery attempts, driving investors toward safe-haven assets such as gold and bonds.

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S&P 500, Nasdaq Futures Under Pressure as Tech Selloff Continues

The tech market continues to feel intense selling pressure—especially for major players like Nvidia, AMD, Microsoft, and Meta Platforms—causing the broader market to weaken. The S&P 500, Nasdaq futures, and Nasdaq 100 E-minis all declined as investor confidence dropped due to concerns over an AI bubble, stretched valuations, and uncertainty around a potential Federal Reserve rate cut. In this article, we break down today’s market movements, key index performance, major tech stock declines, and the downturn in the crypto market. Nvidia AI Rally Lifts Global Markets Despite the broader selloff, Nvidia's earlier AI-driven rally gave the global markets temporary relief, although the momentum did not last long amid fears of overheated valuations. H2: Current Market Situation – S&P 500 and Nasdaq Under Heavy Pressure Continuous tech selloff has pushed the indexes lower: S&P 500 E-minis remain weak, Nasdaq futures continue to fall, and the tech-heavy Nasdaq (.IXIC) is heading toward a significant decline for November. Investors are increasingly worried about soaring valuations, uncertain monetization prospects, and rising debt issuance. H3: Futures Market Snapshot Dow E-minis: slightly higher

S&P 500 E-minis: in the red

Nasdaq 100 E-minis: experiencing the steepest drop

Both Consumer discretionary (.SPLRCD) and Information technology (.SPLRCT) sectors have fallen more than 4% this week. H2: Tech Sector Sees Sharp Declines – From Nvidia to Microsoft Major technology companies faced notable losses today. H3: Nvidia — AI Leader but Stock Under Pressure Nvidia (NVDA) dropped 2–3% in premarket trading, even though the company beat revenue expectations, delivered a strong forecast, and maintained its dominance in the AI market. Still, fears of an AI bubble shook investor sentiment. H3: AMD, Broadcom, Meta, Microsoft — All Trading in the Red Advanced Micro Devices (AMD): influenced by concerns over a slowing chip cycle

Broadcom (AVGO): pressured by high valuations

Meta Platforms (META): uncertainty in advertising revenue

Microsoft (MSFT): cloud growth concerns caused the share price to fall Non-tech Stocks — Gap Shows Moderate Strength

Gap (GAP) rose 2–3% after beating comparable sales and profit estimates. H2: Economic Data & the Federal Reserve – What Direction Will Markets Take? Investors now closely watch the Federal Reserve as interest rates, potential rate cuts, and the September jobs report will guide market sentiment. H3: Nonfarm Payroll — September Report Is the Last Signal The Bureau of Labor Statistics is skipping the October update and will combine October + November data in mid-December, increasing uncertainty in the market. H3: December Rate Cut — Probability Declines According to the CME FedWatch Tool, only 37% of investors believe a rate cut could happen in December. This is adding further pressure to the markets. H2: Crypto Market Crash – Bitcoin and Ether See Major Declines Crypto markets also faced heavy selling: Bitcoin plunged to multi-month lows, while Ether also weakened significantly. H3: Crypto-related Stocks Are Falling Fast Coinbase Global (COIN): affected by declining trading volume

MicroStrategy (MSTR): down more than 5% due to Bitcoin price weakness

Investors are leaning more toward selling as uncertainty spreads across all markets. H2: Why Is the Tech Selloff Intensifying? – Key Reasons 1. Stretched Valuations

Many tech stocks are trading far above their actual earnings, making even small disappointments trigger large selloffs. AI Bubble Concerns

Excessive hype in the AI sector is making markets unstable. Weak Monetization Prospects

Analysts believe many tech companies are struggling to convert user growth into revenue. Rising Debt Issuance

Companies taking on more debt is making investors cautious. H2: Reuters and Tariff Watch — Essential Sources for Market Intelligence Reliable sources like Reuters and Tariff Watch continue to provide critical insights into fast-changing market conditions—an essential tool for traders and analysts. 

Market Outlook — Where Could the S&P 500 and Nasdaq Go Next? H3: Short-term Outlook

Pressure may continue as tech selloff deepens.

Long-term Outlook

If the AI sector shows real monetization and earnings, markets could rebound. A new rate cut cycle from the Federal Reserve could also lift tech stocks significantly. Conclusion The market remains in a sensitive stage. Overvaluation in tech, AI bubble concerns, and uncertainty surrounding Federal Reserve decisions have pushed the S&P 500, Nasdaq futures, and Nasdaq 100 E-minis under pressure. Both crypto and tech sectors are experiencing heavy selling. Investors must now focus on macroeconomic trends, Federal Reserve commentary, and corporate earnings to navi gate the coming weeks.

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