US equity futures are under pressure, Asian markets are sharply lower, while European equities are also weaker. Markets are being driven by continued weakness in large-cap technology stocks and elevated volatility following the hawkish Fed stance. While progress in US-Iran talks has weighed on oil prices and provided some support to the macro backdrop, it has done little to offset risk-off sentiment tied to tech sector declines. Positioning dynamics, upcoming inflation data, and key earnings events are reinforcing a cautious tone, with geopolitical developments and rate expectations remaining central to near-term market direction.

Companies Mentioned: Qualcomm, Eli Lilly, Apollo Global Management