Nasdaq 100: Super Micro Computer Miss Drags Tech Stocks Lower in Pre-Market Today

SoFi’s Liz Young Thomas noted that while valuation concerns are valid, investor momentum in large-cap names remains intact. “The chase is still on,” she told CNBC. “But today, we were looking for an excuse.”

What Should Traders Watch Next?

Wednesday’s calendar includes the ADP private payrolls report, ISM services index, and weekly mortgage applications. With the Nasdaq testing key technical levels and tech leadership under pressure, market volatility is likely to persist.

Cautious commentary from Goldman Sachs and Morgan Stanley CEOs, Bitcoin’s retreat from the $100,000 mark, and weak guidance from AI hardware names suggest near-term downside risk—particularly for speculative growth stocks.

Traders should remain alert to further repricing in high-multiple sectors as the market digests both earnings quality and macroeconomic data.

More Information in our Economic Calendar.