U.S. equities are set for a highly volatile session, with Nasdaq futures down more than 2.5% and a selling wave that recalls fears of an approaching crash. Intel is cratering more than 25% premarket after disappointing guidance, while Amazon is down nearly 7% following weaker-than-expected results. Alphabet is also under pressure as Gemini falls behind competing AI chatbots and Google Search monetization fears return, while Meta’s advertising business appears comparatively stronger. Bank of America nevertheless maintained its buy rating on Apple with a $370 price target, while Starbucks, Centene, and AstraZeneca received more favorable assessments. Overall, rotation into defensive stocks and companies linked to healthcare and pharmaceuticals is benefiting at the expense of the most exposed technology shares.
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