The Kobeissi Letter, a markets commentary publication, reported today, October 22, 2026, on X that Nasdaq 100 futures were significantly down. The publication stated, "BREAKING: Nasdaq 100 futures extend losses to -2% on the day after President Trump says the US is not negotiating with Iran and “something” will happen “fair soon.”" The post attributed the market movement directly to President Trump's remarks.
The reported decline in Nasdaq 100 futures comes amidst broader market activity, though the main U.S. indexes are currently trading higher. As of 11:10 UTC, the Nasdaq Composite is up 1.1%, while the S&P 500 is up 0.6% and the Dow Jones is up 0.7%. Technology stocks like Tesla and NVDA have seen gains of 3.4% and 2.5% respectively. The market reaction noted by Kobeissi Letter suggests that geopolitical developments, particularly concerning the Middle East, can still trigger sharp movements in futures markets, even if underlying cash markets are performing differently.
The statement from President Trump, as reported, implies a hardening stance on Iran, potentially signaling increased geopolitical instability. The Kobeissi Letter's report highlights the immediate sensitivity of futures markets to such pronouncements. Investors will likely watch for further developments regarding U.S. foreign policy and any potential escalation in the Middle East, as these events could continue to influence market sentiment and asset valuations, particularly in growth-oriented technology sectors often tracked by the Nasdaq 100.
