Nasdaq 100 Futures Drop Over 1% After Tankers Are Struck in Strait of Hormuz

Nasdaq 100 futures have fallen more than 1% after two oil tankers were struck in the Strait of Hormuz.
The move reflects a broader risk-off reaction as investors assess the possibility of further escalation across one of the world’s most important energy corridors.
Higher geopolitical risk is also pushing oil prices sharply higher, raising renewed concerns about inflation and tighter financial conditions.
That combination is particularly sensitive for growth and technology stocks, which tend to react negatively when energy prices, inflation expectations and bond yields rise together.
For $NDX and major tech names, the key question is whether the selloff remains a short-term geopolitical reaction or develops into a broader repricing of inflation and rate expectations.