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Nasdaq 100 futures extend losses beyond 2% as memory stocks fall

Nasdaq 100 futures extend losses beyond 2% as memory stocks fall

The move deepened risk-off sentiment in equity futures, with the post linking the weakness in chip-related names to the continuing Iran war.

Fact Check
The task content accurately reflects The Kobeissi Letter post dated 2026-07-17, which reports Nasdaq 100 futures extending losses over -2% amid a sharp memory-stock decline during an ongoing Iran war. Independent Reuters and Washington Post reporting confirm the surrounding market conditions: memory/chip-led weakness (Nasdaq down 1.47% on July 16) and continuing U.S.-Iran conflict. The exact -2% intraday futures figure is from the primary source and is consistent with the corroborated broad selloff.
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Summary

Nasdaq 100 futures fell more than 2%, extending losses as memory stocks dropped sharply. The post tied the selloff to continued pressure on chip-related shares and the ongoing Iran war, underscoring a broader risk-off move in futures markets.

Terms & Concepts
  • Nasdaq 100 futures: Contracts tracking the Nasdaq 100 index
  • memory stocks: Shares of companies making memory chips
  • risk-off: Market mood favoring safer assets